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Rreef Unloads 228,401-SF Industrial Park

FULLERTON, CA-The Fullerton Industrial Park has been sold to a Hartford, CT-based investment group. Although the parties involved in the transaction would discuss financial details, brokers in the area say the deal is worth about $17 million.

By Erin Cassin | Updated on May 08, 2001

FULLERTON, CA-Rreef has sold the Fullerton Industrial Park to a Hartford, CT-based investment group, showing that investors still have faith in the area’s industrial real estate market, despite reports of a slowdown in Orange County’s manufacturing sector.

The 228,401-sf, 11-building complex stands on a 13.59-acre parcel located at the Southwest corner of Valencia Drive and State College Boulevard. None of the parties in the transaction would discuss financial details, but brokers in the area tell GlobeSt.com that the deal is worth about $17 million.

At the time of sale, the facility was 100% occupied with major tenants including Walt Disney Co., Fairchild Corp., American Greeting Corp. and Los Angeles Times. The buyer, Times Square Real Estate Investors (Cigna), was represented by a Colliers Seeley International brokerage team consisting of Michael Ross, David Norcott and Randy Coe. The same team represented the seller, Rreef.

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