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Blackstone Buys Montebello Industrial Property

Macey Investment Corp. Divests Chapin Road Facility for $29.3 Million
The manufacturing building was constructed in 1985 on nearly 3.2 acres in the Montebello industrial market of Los Angeles County. (CoStar)
The manufacturing building was constructed in 1985 on nearly 3.2 acres in the Montebello industrial market of Los Angeles County. (CoStar)
By Joshua Weekley
October 5, 2022 | 12:01 P.M.

Blackstone purchased the industrial building at 1745-1749 Chapin Road in Montebello, California, for $29.3 million, or about $349 per square foot, from Macey Investment Corp.

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News | Blackstone Buys Montebello Industrial Property