The owner of the makeup brush retailer Morphe Brushes has bought a nearly 64,000-square-foot industrial building in Pacoima, according to L.A. commercial real estate brokerage CBRE Group Inc.
Morphe’s owner, a limited liability company named Smdmnm, paid $8.43 million for 10303 Norris Ave. The 63,800-square-foot structure has two stories, 24-foot ceiling clearance, dock-high loading and a fully fenced concrete yard on 2.69 acres. Morphe has a retail store in Burbank.
David Harding, Greg Geraci, Matt Dierckman and Billy Walk of CBRE represented the seller, Cohen Asset Management Inc., while Steve Marx and Chris Habitz of Capital Real Estate Inc. represented Morphe, according to CBRE.
“The North East Valley provides economic advantages in terms of sale and lease values as compared to the Burbank area,” Geraci said.