REBusinessOnline.com

April 02, 2012

ONTARIO DISTRIBUTION FACILITY GOES FOR $8.3M
ONTARIO, CALIF. – A 102,878-square-foot, Class A distribution facility in Ontario has sold to Industrial Income Trust for $8,333,000. The facility is located at 5505 Concours Street and includes 65,572 square feet of cooler space. Clyde Stauff and Ian DeVries of Colliers International represented both the buyer and the seller, the Caldwell Company, in this transaction.


EDINGER BUSINESS PARK SELLS FOR $4.7M
SANTA ANA, CALIF. -- Edinger Business Park, a 61,923-square-foot multi-tenant industrial and office park in Santa Ana, has sold to Frome Developments Omega, LLC for $4.7 million. The three-building property was 91 percent occupied at the time of sale. The park is located at 1560, 1570 and 1580 E. Edinger Ave. Frome was represented by Dan Vittone and Alan Pekarcik of Voit’s Irvine office in this transaction.


JUNIPER GARDENS SELLS FOR $6M
SAN DIEGO – The 40-unit Juniper Gardens apartments in San Diego has sold to Wakeland Housing and Development Corporation for $6,193,600. The affordable housing apartment complex is located at 4251-4259 E. Juniper Street. The buyer was represented by the CBRE Multi-Housing team of Eric Comer, Jim Neil and Merrick Matricardi. The seller was Juniper Garden Apartments LTD.


ACME FURNITURE LEASES 500,000 SF AT CITY OF INDUSTRY BUSINESS PARK
CITY OF INDUSTRY, CALIF. -- ACME Furniture has signed a five-year lease for a 500,000-square-foot industrial facility at 20002 Business Parkway in the City of Industry. The national furniture company also houses its headquarters in a 320,000-square-foot space within the city. ACME was represented by Adam Dzierzynski of Lee & Associates’ City of Industry office. The landlord, Majestic Realty, represented itself.

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