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75,000-SF Tilt-Up Sells for $5.1M

LOS ANGELES-The former American Produce Building, located at 2160 E. 7th St. was built in 1986 and features approximately 30,000 sf of cooler space. The buyer, Davalan Produce is currently located in several buildings throughout the Downtown area.

By Peter Landau | Updated on March 18, 2002

LOS ANGELES-A 75,163-sf concrete tilt up industrial building in Downtown Los Angeles has been sold to a produce distributor for $5.1 million. The former American Produce Building, located at 2160 E. 7th St. was built in 1986 and features approximately 30,000 sf of cooler space.

The buyer, Davalan Produce is currently located in several buildings throughout the Downtown area and will use the building to consolidate and expand its current operations.

The Davalan acquisition is an example of how food and produce companies are continuing to buy and lease-up industrial space in Los Angeles, according to Cushman & Wakefield industrial broker Dwight Hotchkiss, a member of the brokerage team representing the seller, a local private partnership in the transaction. This activity is in sharp contrast to the slowdown that has occurred in the industrial real estate market the past 12 months.

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