Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHATSWORTH, CA-Buyers have acquired industrial parks here and in Sylmar for $6.5 million and $1.5 million respectively, according to Grubb & Ellis.

In the Chatsworth deal, a Newport Beach-based private investor called 12300 Kodash LLC has purchased the 85,080-sf Sunnyglen Industrial Park from JLT Industrial Partners LLC of Redondo Beach for $6.5 million as a leased investment. Sunnyglen is located at 21800-21820 Nordoff St., 21700-21730 Nordoff St., and 9025-9041 Owensmouth St. It consists of three, single-story, concrete tilt-up buildings that were 100 leased at the time of the sale, according to Kevin Shannon of the Torrance office of Grubb & Ellis, who represented both the buyer and the seller.

In the Sylmar transaction, Graphic Arts Production acquired a freestanding, 12,500-sf industrial building to serve as the corporate headquarters of the graphic arts firm. Graphic Arts paid $1.1 million for the building, which was sold by the Wood Family Trust of Van Nuys. Chris Jackson and Todd Lorber of the North Los Angeles office of Grubb & Ellis represented the buyer, with the seller represented by Steve Stubblefield of Westcord Commercial Real Estate. Graphic Arts Production has already occupied the single-story, concrete tilt-up building, which is located at 12953 Foothill Blvd.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.