Morning Sun, a manufacturer of T-shirts, bought the property for$3.7 million from 12300 Monarch LLC, which had owned it for about ayear.

The single-story building is at 12300 Monarch St. in GardenGrove. The shirt manufacturing company acquired the property toconsolidate and expand its operations, which were previouslylocated in three separate buildings in Santa Ana, according to MikeBouma of Voit Commercial Brokerage. Bouma and Alan Pekarcikrepresented the seller, while Andy Friedman of Industrial Brokersrepresented the buyer.

The building served as a service center for Montgomery Wardbefore the retailer filed for bankruptcy and liquidated. The sellerrenovated the building after acquiring it, and had recently offeredit for sale. Bouma says Morning Sun Shirt Co. formerly leased spaceat its other locations, but the company chose the route that manyothers have taken lately, buying a building to take advantage oflow interest rates and readily available financing.