According to Dennis Sandoval of the City of Industry office ofGVA Daum, McMahon purchased the 127,563-sf complex from IrwindaleTowers Associates LLC in a transaction brokered by Sandoval andAllen Schanhaar of GVA Daum's South Bay office. Sandoval notes thatthe property attracted 16 offers from qualified buyers. He calls ita value-added deal in which the buyer benefits from six acres ofsurplus land that McMahon plans to develop into industrialcondominiums for sale or lease. The existing four buildings arelocated on 11 acres near the intersection of Irwindale Boulevardand Arrow Highway. Addresses for the four buildings are 5312-5358Irwindale Blvd. Irwindale Business Park is a single-user andmulti-tenant development accenting flex industrial space featuringa high percentage of office area combined with light manufacturinguses.The Irwindale deal underscores the interest in industrialproperties from investors and owner-users alike, including chainslike Whole Foods Market, which has signed a 10-year lease with theowners of a 93,558-sf warehouse and cold storage facility inVernon. The Austin, TX-based retailer of natural and organic foodswith 162 stores in the US and United Kingdom, will use the entirebuilding at 2307 E. 49th St. to house its Southern Californiaproduce distribution warehouse, currently located at nearby 2145 E.49th St. Constructed in 1995, the new facility is more than twicethe size of the retailer's existing 41,500-sf distribution buildingand features nearly 35,000 sf of refrigerated cooler space,according to Cushman & Wakefield's John McMillan, who alongwith lead broker Patrick Gilhooly of the Clover Co. representedWhole Foods. The Southern California produce distribution warehouseserves 23 stores in Southern California, Arizona and Nevada. Thelandlord, A&R Management and Development Co., was representedby Anthony Brent of ABC Real Estate Services.