Ben Seybold of CB Richard Ellis tells GlobeSt.com that the property, formerly known as Brea Commerce Center, has been renamed Sunset Distribution Center by AMB. The publicly held real estate investment trust, which specializes in operating and investing in industrial properties, plans to rehabilitate and reposition the buildings.

Seybold and partner Steve Batcheller of CB represented AMB, which acquired the industrial park from Berry Street Partners of Newport Beach. The seller had owned the property for about 10 years.

The three buildings are at 200 N. Berry St., 556 Vanguard Way and 566 Vanguard Way. They were built in the 1970s through the 1990s and are of single-story, concrete tilt-up construction, with some second-floor office space.

Seybold tells GlobeSt.com that about 370,000 sf of the space is vacant and that he and Batcheller have the leasing assignment for the industrial park. He says the landlord has not yet established an asking rate for the space.

AMB Property Corp. owns and operates industrial real estate throughout North America and as of Sept. 30 the company owned, managed and had renovation and development projects totaling 97.2 million sf in 1,032 buildings in 27 markets. The company's Southern California holdings include more than 30 properties totaling nearly 12 million sf of space. Much of the company's portfolio consists of warehouse-distribution buildings in infill markets like Brea in areas that AMB describes as "major hub and gateway distribution markets" in Los Angeles, San Francisco, Chicago, Dallas, Northern New Jersey, New York, Atlanta, Miami and Seattle.