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INDUSTRY, CA-An affiliate of Hager Pacific Properties has paid more than $3.5 million for an 81,250-sf leased industrial property at 20465 E. Walnut Ave. here.

The property was sold by the private Kenneth T. and Eileen Norris Foundation. The City of Commerce office of Lee & Associates represented both buyer and seller.The building is fully occupied by Bocchi Laboratories, a manufacturer of hair-care and beauty products. Hager Pacific, with offices in Los Angeles, Encino and Newport Beach, recently changed its name from Pacific Industrial Partners.

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