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.

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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.

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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.

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The seller's conversion of the building for another use is oneof a number of renovations and redevelopments of propertiesformerly occupied by Montgomery Ward before the retailer andcatalog house went bankrupt.

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Among others was a former Ward store in Mission Viejo that wastransformed as part of the repositioning of The Shops At MissionViejo, a shopping center first built in the 1970s and has beenremodeled in recent years.

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