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(Read more on the industrial market.)

RANCHO DOMINGUEZ, CA-Investors have acquired 354,000 sf of industrial buildings here and 255,000 sf of properties in Santa Fe Springs that offer a variety of options for their new owners, according to brokers from Colliers International and Voit Commercial Brokerage. In the largest of the deals, Colliers International reports that Realty Associates Advisors LLC bought a four-building portfolio totaling 301,392 sf from the locally based Watson Land Co.

The portfolio included four single-tenant facilities at 18420, 18700 and 18747 Lauren Park Rd., along with a property at 3025 E. Victoria Rd. According to SVP Michael Ross of the Ross-Córdova Investment Team at Colliers that brokered the sale, the four leased buildings are a sign of the “high demand and very low vacancies” in the industrial submarket. Team member Fred Córdova notes that the industrial portfolio presents a number of alternative investment strategies for the buyer, such as potential repositioning of the property or selling to an owner or user in the future.

Ross, Córdova and Steve Nanino of Colliers International, and Todd Taugner of the Klabin Co., represented Watson and Realty Associates Advisors. The same team also represented Watson and buyer Guthrie Development Co. of Costa Mesa in Watson’s sale of its Alameda Business Center, a 52,825-sf class-A multi-tenant business park. The business center was 100% occupied at the time of sale.

The Santa Fe Springs properties sold in two deals. In one, Vernon Avenue Associates LLC bought a 163,578-sf industrial property at 8808-8840 Pioneer Blvd. and 8825 Millergrove Dr. from Pioneer-Millergrove Venture LP for $10.8 million. The property, which was constructed in several phases from 1954 to 1967, was originally a Bell Brands Foods facility. The buyer and the seller were represented by Mike Hefner, Alan Pekarcik and Dan Vittone of Voit Commercial Brokerage.

In the other Santa Fe Springs transaction, Metropolis Partners bought a 91,000-sf industrial property located on 4.42 acres at 14420 Bloomfield Ave. in a $12-million deal that included the $10.5-million sale of the property as well as the sale of $1.5 million in specialized equipment. The buyer and the seller, the Tengu Corp., were both represented by Jonathan Larsen and Eric Moore of Transwestern, who also have landed the leasing assignment under the new owner.

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