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HUNTINGTON BEACH, CA-The sale of 5901 Bolsa Ave. here, which GlobeSt.com reported on yesterday, is the largest industrial transaction to take place in Orange County since 2003, Louis Tomaselli, senior managing director of Jones Lang LaSalle, tells GlobeSt.com. While the exact purchase price has not been disclosed, and JLL was not involved in the deal, Tomaselli says he has heard reports that the 493,319-square-foot industrial property here sold for between $50 million and $60 million.

The property, formerly occupied by Sharp Electronics, was sold by LBA Realty to Harbor Distribution/Reyes Family Holdings to be used as a distribution facility. Typically and historically, smaller properties have been in demand in this market.

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