The transaction is the latest in a string of relatively small sized deals that continue to surface in the county's tight industrial market. According to area brokers, demand for industrial space is particularly high among small to mid-sized industrial users.
The 140,000-sf North Orange Industrial Park is comprised of three buildings. The lease agreement with Southwest Plastic Binding, valued at $1.2 million, brings the industrial park to 100% occupancy. Other tenants include a tile distributor, a picture frame distributor and a trophy distributor.
Tom Dorman of CB Richard Ellis represented North Orange Industrial Park. Andy Friedman of Industrial Properties represented.
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