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GARDEN GROVE, CA-An LLC acquires the 40,480-sf industrial facility, which is occupied by Time Warner Communications Television and Services. The Garden Grove industrial sector experienced a negative net absorption of 172,863 sf in the first nine months of 2001, according to research by Cushman & Wakefield.
ANAHEIM, CA-Industrial Plastic Supply Inc. is the buyer. The seller is Cal West Industrial Properties LLC. The deal is valued at $1.5 million. As industrial activity continues to cool in many other regions of Orange County, Anaheim has been holding steady.
LAS VEGAS-Jack Kashani's Los Angeles-based Furniture Mart Enterprises LLC buys 20 acres of Union Pacific land near Downtown for $13 million. Options on neighboring parcels could yield a $750-million World Market Center.
NAPA, CA-The 77,000-sf Carneros Commons development is halfway full with new leases signed by three tenants eager to take advantage of the beautiful location and competitive lease rates offered by Napa.
ATLANTA-Phoenix Business Park LLC paid the Rahway, NJ-based developer/investor $7.2 million for the 110,952-sf property at 2700 Northeast Expressway, off Interstate 85 in northeast Atlanta.
SAN LEANDRO, CA-The company, which does business as Essenza, leases several thousand square feet for five years in the Wicks Business Park. The park is owned by Westcore Industrial Properties.
RANCHO SANTA MARGARITA, CA-Style Craft, a full-service printing company, grabs the 24,190-sf industrial building that includes some office space. The deal is valued at $2.7 million.
CRANBURY, NJ-Pearson Education will use the space at the Rockefeller Group's new FTZ-based business park for warehousing and distribution. The deal highlights Exit 8A's emergence as a W/D hotbed.
OAKLAND, NJ-The Ohio-based Crown Equipment Corp. will use the build-to-suit asset to consolidate and expand its other locations in Northern New Jersey.
IRVINE, CA-The worldwide manufacturer of precision components signs a lease for 72,477 sf in Irvine. The five-year lease is valued at more than $2.4 million.