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CYPRESS, CA-The owner of a 76,000-sf manufacturing andheadquarters facility that Cleveland Golf has occupied for the past10 years has sold the facility for $9.2 million after the golf clubmaker vacated the building as part of an expansion. Laro PropertiesLP sold the property at 5630 Cerritos Ave. to Howard Building LLCin a transaction brokered by Kevin Turner of the Irvine office ofColliers International.

Turner, who represented Laro Properties, tells GlobeSt.com thatthe buyer is an owner-user that will convert the industrialfacility into a medical diagnostic laboratory. He says theproperty, which drew the interest of a number of prospectiveowner-users and investors, has strong potential for the new buyerin light of its location "in a strong market in close proximity tothe 405, 605 and 22 freeways." The buyer of the 5630 Cerritos Ave.building was represented by Vince Kagawan of Pinnacle RealEstate.