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Group Pays $5.6 Mil for Industrial Building

VALENCIA, CA-Crocker Investors LLC acquires 90,000-sf office structure here from Earle Properties. Buying group includes Ralph Jackson, a prominent marketing and advertising pro, who represents several Southland real estate companies.

By David W. Myers | Updated on December 31, 2001

VALENCIA, CA-A private investment group has paid $5.6 million for an industrial building with a modest amount of office space in this fast-growing community north of the San Fernando Valley.

The 90,000-sf building stands at 28340 Avenue Crocker. It is occupied by Aldik Artificial Flowers Inc., a unit of NY-based investment conglomerate Fenway Partners.

The seller is Earle Properties, a private real estate concern managed by Mark Rackow. The buyer is Crocker Investors LLC, a private group headed by Howard Rosen and Ralph Jackson.

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