In the first transaction, door-manufacturer LB Corp. paid $1.4 million for a 25,060-sf industrial building in the 200 block of Mason Way in City of Industry. LB Corp. will use the building, which stands next to a 30,000-sf structure it acquired last year, to expand its operations.
Jim Center, SVP with Grubb & Ellis' City of Industry office, represented the buyer in the transaction. Mitch Wright of Wright & Associates represented the seller, Walnut-based Henn's Investment Co.
Farther south, in Anaheim, privately held UOP LLC signed a five-year lease renewal valued at $1.25 million for 35,188 sf in two buildings at 2050 and 2100 East Orangethorpe. Illinois-based UOP provides products and services to petroleum, petrochemical and gas-processing companies.
Steve Sprenger and Troy Williams of Grubb & Ellis' Anaheim office and Ken Franzese of the firm's Chicago office represented the tenant in the transaction. Mike Malone of Hunsaker Management represented the landlord, an Irvine-based partnership known as Orangethorpe Properties LLC.
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