Morning Sun, a manufacturer of T-shirts, bought the property for $3.7 million from 12300 Monarch LLC, which had owned it for about a year.

The single-story building is at 12300 Monarch St. in Garden Grove. The shirt manufacturing company acquired the property to consolidate and expand its operations, which were previously located in three separate buildings in Santa Ana, according to Mike Bouma of Voit Commercial Brokerage. Bouma and Alan Pekarcik represented the seller, while Andy Friedman of Industrial Brokers represented the buyer.

The building served as a service center for Montgomery Ward before the retailer filed for bankruptcy and liquidated. The seller renovated the building after acquiring it, and had recently offered it for sale. Bouma says Morning Sun Shirt Co. formerly leased space at its other locations, but the company chose the route that many others have taken lately, buying a building to take advantage of low interest rates and readily available financing.