(Read more on the industrial market.)

EL MONTE, CA-Scanlan Kemper Bard Cos. of Portland, OR has soldthe 182,352-sf Arbor Courtyard for $27.12 million after reachingits investment goals sooner than expected and deciding to takeadvantage of a strong sellers' market. SKB principal Todd Goodingtells GlobeSt.com that the Portland-based firm, which bought theoffice and industrial park for $17.7 million less three years ago,had planned to hold it for five and a half years but wound upselling it "for more than we originally thought we would get for itafter five and a half years."

Gooding explains that SKB's original business plan called forholding the property for five and a half years because the companyassumed a five-and-a-half-year loan when it bought the businesspark at 9420-9500 E. Telstar in August 2004. He says the decisionto sell was based on a combination of factors, including risingrents, a renewal by the main tenant and capital improvements by SKBthat added value to the property, which is about 40% office and 60%industrial.