Magellan Properties
Magellan’s current portfolio of approximately 2,500,000 SF is currently transitioning through various phases of value-added activities. Those projects are briefly presented below.
| Asset | Size | Property Type | Description | |
|---|---|---|---|---|
 |
Magellan Riverside 1989 – 2069 Massachusetts Ave. & 2626 Kansas Ave. Riverside, CA |
297,455 (sq. ft) | Multi-tenant Industrial | Acquired leased investment in 2014, long-term lease/development options in process |
 |
Golden State Industrial Park 1775 Park Street Selma, California |
358,533 (sq. ft) | Multi-tenant Industrial | Acquired leased investment in 2008, parcel map being recorded in preparation for sales |
 |
Lehigh Industrial Park 100 Cascade Drive Allentown, Pennsylvania |
400,340 (sq. ft) | Multi-tenant Industrial | Leased investment acquired in 2014, lease rollovers/refurbishment in process |
 |
Atlantic 3030 Atlantic Blvd. Vernon, CA |
200,000 (sq. ft) | Single-tenant Industrial | Acquired vacant property in 2012, leased building in early 2018 to leading furniture distributor and preparing for a sales process |
 |
Modera Observatory Park 1910 S Josephine St Denver, CO 80210 |
275 (units) | Multifamily | Acquired in 2018 as part of a 1031 exchange from the sales of the Commerce Business Center and Magellan Storage—Commerce assets. |