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Home Depot purchase.


Home improvements retailer Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services.

Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box
 Inc. has paid in excess of $60 million for a 20-acre site in Marina del Rey Del Rey may refer to:
  • Del Rey, California, a census-designated place in Fresno County, California
  • Del Rey, Los Angeles, California, a small district in the west side of Los Angeles
  • Del Rey (band), an indie rock band
 that was owned by the United States Postal Service.

The property at 13031 W. Jefferson Blvd. includes a two-story 298,490 square-foot warehouse and office building and is across the street from an existing Home Depot retail store.

The retailer is looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 a temporary tenant to use the building, and may build another Home Depot or concept store in the future, said Kathryn Gallagher, public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most  managers for the company's Western Division.

CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2.  Group Inc. Senior Vice President Blake Mirkin who represented the Postal Service in the transaction said the site attracted a high number of prospective buyers resulting in its unusually high price.

"There were probably in excess of 40 very qualified offers for the property," Mirkin said. "They ranged from residential developers to office developers, industrial, retail and other users. It's rare that something like this happens."

CB First Vice President Robert Dubbins also represented the Postal Service, while Mike Jensen and Ryan Sullivan of Pacific Retail Partners represented The Home Depot. CB also has been tapped to arrange short-term leasing at the existing building.

Mirkin said the purchase reflects the emerging importance of Playa playa
 or pan or flat or dry lake

Flat-bottomed depression that is periodically covered by water. Playas occur in interior desert basins and adjacent to coasts in arid and semiarid regions.
 Vista.

"Playa Vista is being built as almost a new city and it is truly a gateway to the South Bay and the Westside," Mirkin said. "This is an area that is changing dramatically and is becoming fully amenitized. It is an area where people live, work, and exist, instead of an area that people just pass through."
COPYRIGHT 2006 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:The Home Depot Inc. acquires industrial property from United States Postal Service
Comment:Home Depot purchase.(The Home Depot Inc. acquires industrial property from United States Postal Service)
Author:Miller, Daniel
Publication:Los Angeles Business Journal
Article Type:Brief article
Geographic Code:1USA
Date:Aug 28, 2006
Words:269
Previous Article:CityView moves in, Lennar out at West L.A. condo project.(REAL ESTATE,Lennar Homes Inc.)
Next Article:South Bay warehouse.(AMB Property Corp. acquires an industrial property from TQ Properties)(Brief article)
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