Bill Birtell of Beitler Commercial acted on behalf of TMB. BrentWeirick of Colliers Seeley's Encino office represented the seller,Long Beach-based DKT Partners.

In a sign that the San Fernando Valley industrial market issurviving the cooling economy, the TMB purchase is the third suchtransaction reported this week. Earlier in the week, Globest.comreported that two other Glenoaks Blvd. facilities were in unrelateddeals totaling $4.4 million. Lighting firm Leonetti Co. snatched upone of the buildings, a 28,000-sf property on 10601 Glenaoks Blvd.for $2.3 million. The other facility, a 25,000-sf structure at10639 Glenoaks Blvd, was grabbed for $2.1 million by auto racingteam GER Enterprises.

"This market will continue to be popular with industrial usersbecause of its proximity to a strong labor pool, major freewaycorridors and its relatively affordable land costs," Weiricksays.

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