(Read more on the industrial market.)
FONTANA, CA-Furniture company Hua Jian Investments LLC hasacquired a 406,410-sf industrial building at 7351 McGuire Ave. fromthe San Francisco-based Bristol Group for $95 per sf, orapproximately $38.6 million. The buyer, a wood flooring andfurniture company, intends to occupy the building as anowner-user.
The building previously had been occupied by the same tenant for15 years, but the tenant had outgrown the space and relocated to alarger facility. The Bristol Group then spent approximately $1.6million to fully refurbish the property and was offering thebuilding for lease or sale.
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