New York Life: New York Life Buys Brea Industrial Property for $92 Million

New York Life Insurance Co. has acquired a 218,648-square-foot distribution facility in Brea for $92 million, according to Newmark Group Inc. and CoStar data. The seller was Boston-based AEW Capital Management. The sale closed on Jan. 25 with the property changing hands for at $421.22 per square foot, according to CoStar. The property, known as [...]The post New York Life Buys Brea Industrial Property for $92 Million appeared first on Orange County Business Journal.