Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(Save the date: RealShare Industrial 2012 comes to The Bankers Club, Miami, December 5 – 6.)

CITY OF INDUSTRY, CA-Sun Hing Foods, a wholesaler and distributor of ethnic-food products for grocers, supermarkets, bakeries and food services in North America, has purchased a 216,048-square-foot industrial property at 14505 Proctor Ave. here for $16.2 million. The seller was PSIP Prism Industry LLC, a joint venture between Prism Realty Corp., an investment and development firm based in Costa Mesa, CA, and Penwood Real Estate Investment Management LLC, a financial investment advisory firm based out of Hartford, CT. SVP Adam Dzierzynski of Lee & Associates’ local office represented the buyer, and SVP Jeff Huberman, also of Lee’s Industry office, represented the seller. The building was originally purchased by PSIP Prism Industry LLC as a leased investment that the seller rehabilitated and renovated to cater to a user occupant.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.