(Read more on the industrial market.)

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SAN DIEGO, CA-Colony Realty Partners has acquired afour-property business park totaling 162,182 sf from the McGrathFamily Trust for $27.2 million, according to Voit CommercialBrokerage. The portfolio is 97% occupied, notes Randy LaChance,senior vice president at the San Diego office of Voit Commercial,which brokered the transaction.

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Among the reasons that the deal appealed to the buyer, accordingto LaChance, was that, "With vacancy rates in the industrial sectorof San Diego expected to start declining in 2008 and no affordableland to build competitive space, this acquisition proves to be astrong investment opportunity." LaChance was part of a Voit teamincluding SVP Glen Volk, Todd Holley, Brian Mulvaney and BruceSanders that represented both the buyer and the seller.

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The properties in the portfolio include the 26,795-sf RanchoPacifica multitenant project at 15950 Bernardo Center Dr. in RanchoBernardo, the 42,970-sf Cornerstone Business Center at 10840Thornmint Rd. in Rancho Bernardo, the 48,834-sf Carroll IndustrialPark at 9030-9040 Carroll Way in the Miramar submarket, and the57,908-sf Sorrento Mesa Commerce Center at 6915 Flanders Way and10320-10340 Camino Santa Fe in the Sorrento Mesa submarket.

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All of the properties are 100% leased except the Sorrento MesaCommerce Center, which is 93% leased. The major tenants includeGeneral Atomics, Time Warner and Ameditech.

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Voit Commercial Brokerage originally handled the sale of allfour buildings to the McGrath Family Trust approximately 15 yearsago and has handled the leasing on the properties since.

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