SIGNAL HILL, CA-Rreef has sold an eight-building, multi-tenantindustrial park here to private investor F&B Properties for$5.4 million. The 74,450 sf Walnut Avenue Business Park was 93%occupied with 35 tenants at the time of sale.

The complex was on the market for four months. F&BProperties was represented in the transaction by Charlie McCabe ofCB Richard Ellis. Charley Simpson, Michael Randall and Dixie Walkernegotiated on behalf of Rreef.

Simpson tells the transaction was a simple 10-31exchange and that RREEF was giving up the space because they feltit no longer fit into their portfolio.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.