Rising Realty Partners Sells Office and Industrial Property in El Monte

September 7, 2022.  Los Angeles, Calif:  Rising Realty Partners (Rising) announced today the sale of 9320 Telstar, a 248,961 sf office and industrial property situated on 7.95 acres in El Monte, California.

Acquired in March 2021, the property represented Rising’s first combined office and industrial property and the first asset acquired as part of the Rising Investor Platform where accredited investors can participate as a partner in a building’s ownership structure.

Built in 1975 and modified to include 163,000 sf of office in 2001, the 9320 Telstar’s entire office component is occupied by the County of Los Angeles, which renewed a long-term lease upon Rising’s acquisition.

After acquiring the property, Rising implemented a series of improvements including office renovations, warehouse buildout, complete roof replacement, restroom refurbishment, and elevator refurbishment. Additionally as part of its emphasis on impact, Rising has replaced 100 percent of HVAC systems with more efficient units and is in the process of installing EV charging stations and solar panels, which will provide the majority of the power needs at the property.

“Executing our impact investment strategy, 9320 Telstar jumped from 72 percent leased at acquisition to 100 percent leased at its sale,” said Christopher Rising, Co-Founder and CEO of Rising. “This was an opportunistic deal and represents how our ‘impact creates alpha’ philosophy can extend to and benefit properties with industrial components.”

Rising has acquired five industrial sector properties in three states since the first quarter of 2021, including two Sacramento properties, Alpine Industrial Park and South Point Business Park, both within the last six months.

CBRE’s Michael Longo, Todd Tydlaska, Sean Sullivan, Darla Longo, Will Pike, Melissa Moock, Anthony DeLorenzo, and Mark Shaffer represented Rising in the transaction.  Rising will continue to manage the property after the sale.

About Rising Realty Partners
Rising Realty Partners is a family-owned, Los-Angeles based, vertically-integrated real estate investment and operating platform specializing in creating world-class commercial properties across California, Nevada and Texas. With more than 5 million sf under management, Rising’s approach to real estate investing and operating focuses on advancing environmental, technological, and social impacts. For more information, please visit www.risingrp.com

Sign up for our educational newsletter and to gain early access to our next investment opportunity.