LOS ANGELES—Western Realco has sold two newly constructed speculative industrial properties for a combined total of $14 million. These are the first newly constructed industrial buildings to trade hands in Los Angeles County this year. The buildings together have 96,464 square feet.

The sale of these two properties shows that the strong demand of industrial properties is not limited to big-box facilities. “The larger properties brought us out of the recession because a lot of the corporate users were demanding larger buildings,” Luke McDaniel, a JLL broker who represented the seller along with Cameron Driscoll, tells GlobeSt.com. “I think the smaller, local companies took a little more time to catch on and get out of the recessionary mode. Now, the sweet spot really is anywhere from 10,000 to 100,000 square feet for owner-user sales.”

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