The company plans to store its stone inventory on the vacant parcel, which is near Jolanta's retail store and close to other stores for which Jolanta supplies stone, according to Rob Socci of Voit Commercial brokerage, who represented the buyer and the seller. Former owner Foundry leased the land for a number of years to a rancher who operated horse stables.
Socci tells GlobeSt.com that such a land sale is rare in Anaheim, which is fully developed. He says the seller had owned the land for about 30 years. The stone importer's new land parcel and its retail store, Socci tells GlobeSt.com, are part of a cluster of about 50 tiles, stone and related businesses that have sprung up in the area around the land parcel over the years.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
*May exclude premium content© 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.