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

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