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ANAHEIM, CA-The Anaheim Technology Center has changed hands, as L&B Realtor Advisors has snatched it up on behalf of an institutional investor. Although financial terms were not disclosed, local brokers estimate the property is worth more than $15 million.

An industrial complex, the Anaheim Technology Center consists of two concrete tilt-up buildings. The single-story facilities encompass more than 240,000 sf combined. The complex stands near the intersection of East Street and Ball Road, just north of the Santa Ana I-5 Freeway and two blocks west of the Orange SH-57 Freeway.

“In assessing the investment, the strategic location near four major freeways, quality construction and healthy North Orange County industrial market precisely fit the objectives we were pursuing for our client, says Stacie Crow, director of portfolio management for L&B Realty Advisors.

Cushman & Wakefield represented both L&B Realty Advisors and the seller, Newport Beach-based Touchstone Investments.

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