Developer Snatches 18 Zoned-Industrial Acres

POMONA, CA—Overton Moore Properties has purchased 18 acres of industrial-zoned land in Pomona from ATC Realty. The developer plans to construct a 240,000-square-foot build-to-suit development on behalf of Graybar Electric Co., and expects to deliver the custom class-A facility in January 2015.

HPA has been chosen as the architect for the project and Fullmer Construction Co. will handle the building efforts. In the sale transaction, Colliers International‘s Steve Belletti, senior EVP, and Tom Taylor, senior EVP, represented both ATC Realty and OMP. Additionally, Colliers International represented OMP in the build-to-suit transaction. Graybar was represented by Rick Sheckter, executive managing director at Newmark Grubb Knight Frank.