(To read more on the industrial market, click here.)

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IRVINE, CA-Hardware wholesaler Markimex has signed a five-yearlease for a 40,000-sf industrial building in the Irvine BusinessComplex in one of a series of recently closed transactions,including four sales, that totaled nearly $13 million. Markimex,which was represented by Kathe Morgan and Lee McCullough ofColliers International's Irvine office, is a wholesale supplier ofOEM plumbing products, fasteners and hardware.

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Markimex will operate its corporate headquarters and southwestregional distribution hub from the industrial facility, which is at2712 McGaw Ave. and is owned by the Irvine Co., which representeditself in the deal. McCullough notes that Markimex's currentbuilding "was put into play as part of the residential boom when adeveloper acquired the building as a future multifamily site."Finding another location in Irvine was important to the wholesalesupplier because it wanted to stay in the city, McCulloughadds.

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The other deals included the sale of a 20,000-sf industrialbuilding at 641 S. State College Blvd. in Fullerton that buyerGlenaire Inc. will occupy as space for its air conditioningbusiness, according to Voit Commercial Brokerage. The privateinvestor who sold the property was represented by Seth Davenport ofVoit's Anaheim Metro office, with Glenaire represented by BobSatler of Lee & Associates.

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In another acquisition by an owner-user, MEA Properties, aholding company for forensic scientists and engineers, acquired an11,380-sf industrial building at 23281 Vista Grande in LagunaHills. MEA, which is based in Canada, acquired the building tofurther establish itself in California, according to Voit's SteveLane, who represented the buyer. The seller, Color Digit, wasrepresented by Joe Winkelman of Colliers International.

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The other two sales were a 17,400-sf building at 37 WestValencia Dr. in Fullerton and a 6,018-sf building at 1285 N. PattSt. in Anaheim. Real Estate investor Cedar Mountain LLC bought theFullerton building, with Mike Vernick and Mike Hefner of Voit'sAnaheim Metro office representing the buyer and Steve Brackmann ofAshwill Associates representing seller Cardinal InvestmentProperties.

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The buyer of the Anaheim building was also a real estateinvestor, Radco Investments, which was represented by Vernick. Theseller, North Anaheim Industrial Park, was represented by JimDeregt and Brad Gilmer of Lee & Associates.

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