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Garment Firm Sells One Location, Buys Another

ARCADIA, CA-In two seperate transactions totaling $11.7 million, garment exporter Esportia sells headquarters in Arcadia and buys new, larger facilities in Irwindale, Calif.

By Bob Howard | Updated on July 05, 2002

ARCADIA, CA-Garment exporter Esportia sold its headquarters in Arcadia, Calif. for $2.3 million and has moved to three new industrial buildings in Irwindale, Calif. that the company bought for $9.4 million.

The company sold its 36,125-sf former property to the Joseph Armagrande Trust in a 1031 exchange and acquired Irwindale buildings totaling 134,550 sf, according to Cushman & Wakefield brokers John Minervini, Robin Dodson and Erik Larson, who represented Esportia in the sale. Fillippo Fanara of The Bates Co. represented the buyer.

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