ANAHEIM, CA-A series of industrial sales here and in two otherOrange County cities illustrate the strategies that developers andinvestors are employing in the current market, according toannouncements from the firms. Developer Sares-Regis of Irvineaffirmed its targeting of owner-users with the sale of twobuildings in a 120,000-square-foot industrial project that itdeveloped in Anaheim, while Los Angeles-based Rexford Industrialexecuted a short sale as it pursues its goal of acquiringdistressed assets in high-barrier-to-entry infill markets inSouthern California.

The Sares-Regis project is Canyon Point, a development of threeLEED-certified buildings of 57,593 square feet, 32,554 square feetand 31,744 square feet on 6.3 acres at the southeast corner atMiraloma Avenue and Miller Street in the Anaheim Canyon technologydistrict. The Irvine-based developer has sold the first two and ismarketing the 31,744-square-foot building.

Both buyers were offshore companies. HSJQ, a Chinese cabinet andtile distributor, purchased the 57,593-square-foot facility for$7.4 million in a deal that was reportedpreviously on GlobeSt.com. Woongjin Chemical America,a South Korean maker of water purification equipment for industrialuse, purchased a 32,554-square-foot building for $4.5 million.