The buyer paid $8 million for the 59,876-sf property, which isat 14271 Corporate Dr., according to Mike Hartel, an industrialdivision broker in Voit Commercial Brokerage's Irvine office.Hartel notes that the building is divisible with separate officeentrances and includes a two-story office comprising approximately17,500 sf. He adds that it offers excellent access to the 22freeway.

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"The proximity of the 22 freeway and the upgraded electricalservice make this property ideally suited to manufacturing," Hartelsays.With Garden Grove's booming industrial sector, the building issituated in an ideal location, he adds.

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Hartel, along with Mike Bouma and Trevor Pavone of Voit'sAnaheim Metro office, represented the seller, KIFLP LLC. The buyerwas represented by Brad Christian of Colliers International'sIrvine office.

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[IMGCAP(2)]In the other transaction, Jones Lang LaSalle reportsthat Glen Allen, VA-based MeadWestvaco (MWV), a global leader inpackaging, selected CR&R Waste and Recycling Services ofStanton, CA out of 15 bids as buyer for 7571 Lampson Ave., a227,000-square-foot industrial property. "Even in this tight realestate market, we were able to find an owner/occupier, all-cashbuyer unaffected by deterioration in the capital markets," commentsSam Foster, Downtown Los Angeles-based executive vice presidentwith Jones Lang LaSalle's industrial services team.

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Located in the Garden Grove Industrial Complex off of the 22Freeway, the property is minutes to the 405 and 605 freeways.Foster and Chris Brandt, also based in the Downtown L.A. office ofJLL, represented the seller.

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