TORRANCE, CA-Storm Industries Inc. has promoted David Simard to president of Storm Properties and Storm Western Development, two business units of the company that manage its real estate operations. Simard, who is a four-year veteran of Storm, succeeds Kent Phillips, who has left the firm.

Storm is a 75-year-old privately owned firm that is one of the oldest continuously operated companies in Southern California. It recently sold $54 million worth of its real estate holdings, primarily in the Torrance area, to TA Associates Realty of Boston. The properties included a 500,000-square-foot portfolio of industrial buildings that sold for $52 million and a 20,000-square-foot industrial building in the 1,117-acre Valencia Industrial Center in Valencia.

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