The parcel is at 1385 W. Sierra Madre Ave. It was purchased by the Laborers Training & Retraining Trust of Southern California.
The El Monte-based nonprofit group trains and re-trains people for jobs in the construction industry. It plans to begin construction in December on a 29,565-sf, three-building educational and workshop facility on the site. Completion is expected in mid-2002.
Jim Center of Grubb & Ellis' San Gabriel Valley office represented the buyer in the transaction. The seller, individual investor Robert Osborne of Whittier, was represented by independent broker Mike Macke.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
