CITY OF INDUSTRY, CA-SH Trading Inc., the US subidiary of SouthKorea's Shinhan Diamond Corp., has acquired two buildings heretotaling 85,053 square feet to establish a new manufacturing plantafter looking at sites in three counties. Voit Real EstateServices, which negotiated the $5.7 million acquisition of SHTrading, reports that engineering the deal involved working withmultiple planning, zoning and fire department officials in variouscounties to find the ideal location for the SH Tradingmanufacturing facility.

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The property includes an 82,053-square-foot building and a 3,000square-foot building situated on 4.66 acres at 900 Ajax Ave. in theCity of Industry's manufacturing and distribution sector. Voit VPMike Boomer, a member of the team that represented SH Trading,points out that sealing the deal required providing the client withstrategic guidance and expertise in working with the planning,zoning and fire department officials in North Orange County,Riverside County and Eastern Los Angeles County to find the ideallocation.

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Besides Boomer, members of the Voit team representing SH Tradingincluded Joe Miller and Stan Kwak of the company's Anaheim Metrooffice. The seller, 900 Ajax Properties LLC, was represented byAnthony Brent of Lee and Associates.

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SH Trading Inc., specialists in manufacturing diamond-basedcutting tools, had previously distributed products manufactured inAsia, Boomer explained. In this new facility, the firm willmanufacture its products locally and expand its distribution.

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He points out that Voit negotiated the lowest sale price basedon price per square-foot in the market in the last two years,beating the most recent sales comparable by $16 persquare-foot.

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In another industrial deal that closed recently in the LosAngeles area, Newport Beach-based Hager Pacific Properties reportsthat Fairfield, CA-based MV Transportation Inc., the largestprivately owned transportation contracting firm in the US, signed a10-year, $5.5 million lease for a 5.5-acre property at 21222 S.Wilmington Ave. in Carson that Hager Pacific owns in partnershipwith SoCal Industrial Partners LLC. MV Transportation will use theproperty, which includes a 22,000-square-foot maintenance andoffice building and a five-acre secured, lit and paved yard, toservice the Los Angeles Metropolitan Transit Authority contract forthe South Los Angeles region beginning on Oct. 31.

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Rob Neal, a managing partner with Hager Pacific Properties,comments that the South Bay submarket in which Carson is located"continues to be resilient in a challenging economic environment.”The property that MV Transportation is leasing "generated asignificant amount of interest from users and tenants," Nealnoted.

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Hager Pacific and SoCal Industrial Partners have acquired fiveproperties in the Los Angeles basin together in the last ninemonths. The total value of these transactions is more than $25million, placing the firms among the most active industrial realestate investors in the region.

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Frank Hillebrand and John Lassiter of Lee and Associatesrepresented Hager Pacific in the MV Transportation lease. JeffSmart, Kyle Degener and the Reitz-Biondi-Kim team with Grubb &Ellis represented MV Transportation.

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