Hines Sells Fully Leased 203,000 SQFT South Gate Manufacturing Plant at 8685 Bowers Avenue for $35.8MM

Hines has sold a fully leased, three-tenant manufacturing building on 10.2 acres in South Gate to a single-purpose buyer entity for $35,774,500, a price of about $176 per square foot that ranks as the second-largest Los Angeles industrial sale of the third quarter but sits far below the market's average per-foot value.