(Read more on the industrial market.)
GARDEN GROVE, CA-Twomey Holdings LLC of Los Alamitos hasacquired a 99,674-sf multi-tenant business park here for $11.3million after submitting the winning bid when multiple prospectivebuyers vied for the five-building project. John Rothwell of DAUMCommercial Real Estate Services tells GlobeSt.com that the project,built in 1987, consists of four multi-tenant buildings featuringspaces of 1,300 sf to 3,000 sf, plus a divisible 42,000-sfbuilding.
The seller of the property was SVN Equities LLC of Irvine, whichhad owned it since 2002. Rothwell and fellow DAUM broker Jim St.Omer Roy represented the buyer, a privately held investor that wasone of multiple bidders. SVN Equities was represented by Frank Kosiof the Newport Beach office of Sperry Van Ness.
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