(To read more on the industrial market and net leasemarkets, clickhere.)

ANAHEIM, CA-The seller of a 106,000-sf industrial building hastaken the $20.2 million in proceeds from that deal and applied themtoward the acquisition of three properties in Orange County and theInland Empire for $23 million, according to CB Richard Ellis. TomMcAllister of the Anaheim office of CBRE tells GlobeSt.com thatWhittle Investors, which sold the 106,000-sf industrial property toLennar Homes, has since acquired two properties and is in escrow tobuy a third.

The two properties that Whittle bought are a 26,232-sfdistribution facility at 25111 Arctic Ocean in Lake Forest that isoccupied by Journey Electric Technologies and a 116,763-sfindustrial building at 40750 County Center Dr. in Temecula that isoccupied by Tension Envelope Co. In addition, Whittle is in escrowto buy a 13,000-sf office building in Irvine.