CHICAGO--(BUSINESS WIRE)--An affiliate of Walton Street Capital, L.L.C. (“Walton Street”) announced that it has acquired the former Catalina Yachts Headquarters (“Catalina” or the “Property”), an existing 183,000 square foot manufacturing facility, located at 21200 Victory Boulevard in Woodland Hills, CA.
Developed in the 1960’s, the Property consists of two structures with low coverage, ample vehicular access and flexibility, and attractive 31.5’ clear heights. Plans include improving the main existing structure to a Class A industrial building with the intention of accommodating multiple users and uses. The Property is extremely infill within the West San Fernando Valley submarket of Los Angeles at the center of the Warner Center masterplan off Victory Boulevard. With proximate access to CA-27 and US-101, the Property directly services a dense population base of 5.4 million people within a 25-mile radius.
"We are pleased to have completed the acquisition of the Catalina Yachts facility in Woodland Hills, California. This Property represented a unique and rare opportunity to acquire such a well-located facility with nearly 10 acres of underutilized land right off the 101 freeway. We are strong believers in the Warner Center area and surrounding specific plan given the recent proliferation of housing, retail, lodging, and commercial uses. We are excited about our plans to restore this asset into a truly Class A facility servicing the immediate area and neighborhood," said Andrew Gindy, Senior Principal at Walton Street.
About Walton Street Capital, L.L.C.: Walton Street is a private equity real estate investment firm that, since its inception in 1994 through its affiliates, has raised over $14 billion of capital commitments from a broad cross-section of sophisticated institutional investors. Walton Street’s principals have collectively acquired, financed, managed, and sold over $50 billion of real estate and have an average of 21 years of real estate industry experience. Senior management has collectively invested and managed both real estate equity and debt through several real estate cycles over five separate decades and more than 40 years, forging long-term and deep relationships with lenders, public and private real estate owners, operators, brokers, managers, and industry service providers.