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January 21, 2021Dedeaux Properties had one of its most active years in recent history with $500 million in transaction volume and the development of more than two million square feet of logistics, distribution and cold storage assets throughout California.
"Prior to the pandemic, industrial real estate was being transformed into a high-demand, high growth sector driven by social and demographic evolution – particularly the growth in e-commerce," said Dedeaux Properties Chief Investment Officer Matt Evans. "The COVID-19 pandemic accelerated those trends."
One of the oldest logistics real estate firms in Southern California, with a history dating back more than 80 years, Dedeaux's industrial portfolio, was previously comprised exclusively of family-owned assets. In recent years, the firm launched a new initiative to elevate its investment platform through strategic institutional partnerships, which resulted in a growing number of institutional partners, according to firm Principal and Managing Partner Brett Dedeaux.
"2020 was the result of our efforts to broaden the sophistication and depth of our platform and team, deepen existing capital relationships and develop strategic programmatic joint ventures," said Dedeaux. "We executed effectively and at very high level and are carrying that momentum into 2021 in our robust pipeline."
The Los Angeles based firm currently has over 10 projects in various stages of acquisition, entitlement, and development. The firm's significant 2020 transactions and 2021 trajectory include:
- Sale of a four building, 290,368 SF, Los Angeles-area cold storage portfolio to a global real estate services company.
- Recapitalization of an 86 Acre- California logistics-oriented portfolio through a programmatic joint venture with a nationally recognized capital group. The portfolio consisted of 10 properties, 530 dock doors, with over 600 trailer parking stalls.
- Disposition of a newly built 1.4 million-square-foot business park in Riverside on behalf of two of its institutional managed partnerships.
- The Dedeaux group is currently developing over one million SF on 60 acres in key Inland empire and LA logistics markets. These last mile and throughput facilities amass over 150 dock doors and over 1000 trailer parking spaces with projected completions through 2021.
Los Angeles-based Dedeaux Properties, LLC (http://www.dedeauxproperties.com) focuses on the investment and development of logistics-oriented properties and is affiliated with family controlled DART Warehouse Corporation, a national full-service logistics provider founded in 1936. In addition to a portfolio of approximately six million square feet of industrial space, Dedeaux Properties has an active pipeline of more than two million square feet of industrial properties including warehouse/distribution, truck terminals, trailer yards, and cold storage facilities.