Los Angeles, CA (September 30, 2016)- Circle Industrial, a real estate private equity firm, announces the sale of Oceanside Circle, a multi-tenant industrial property located at 2905-2933 Oceanside Blvd. and 2942-2956 Industry St in Oceanside, CA . The property, well located close to the I-5 freeway, is spread across nine separate land parcels consisting of 53,240 SF square feet.
“While our goal at Circle Industrial is to invest in long term assets, we are very pleased to have successfully closed out our Oceanside Circle property at a significant profit over such a short period of time. Real estate investment is about buying and selling intelligently and sometimes you opt to put points on the board” stated Pat Maloney, CEO of Circle Industrial. “Circle is looking out for the best interest of our investors, and in this case a sale was the most compelling option.”
Circle Industrial is a real estate private equity firm focused on the acquisition, development and operation of industrial properties in strategic U.S. markets. Circle Industrial is led by executives Pat Maloney and Eric Omohundro, who have been working and investing together for years at Circle Industrial and previously at Prologis (NYSE: PLD). www.circle-industrial.com