CITY OF INDUSTRY, CA—Overton Moore Propertieshas sold two new industrial developments locatedin the Don Julian Business Center for a combined$12 million. The two separate buyers are an unnamed privateinvestor and Maxfield Seafood.

Maxfield Seafood purchased the larger, 40,548-square-footproperty, located at 418 S. 9^th Ave. in the City ofIndustry. It purchased the property for $6 million, or $147.97 persquare foot. The private investor purchased the only slightlysmaller, 38,995-square-foor building, located at 428 S.9^th Ave. in the City of Industry, for $6.2 million, or$158.68 per square foot. Both buildings are class-A facilities.

Although this particular submarket is in high demand fromindustrial users, activity on the property was slow until OMP beganconstruction. “That's very typical for a speculative project;however, once the pads were poured and walls were tilted activitywas very good. We had both buildings pre-committed,”Cushman & Wakefield senior directorErik Larson, tells GlobeSt.com. Larson representedthe seller, OMP, and Maxfield Seafood in thetransactions along with his Cushman & Wakefield colleaguesexecutive director John Minervini, senior directorRobin Dodson and associate director ChrisTolles. Re/Max Commercial brokerLorinda Chou represented the second buyer, aprivate investor.