Overton Moore Sells 240,000 SF for $39M

SEAL BEACH, CA-Overton Moore Properties of Los Angeles has sold three buildings totaling 240,089 sf at its Pacific Gateway project here to three separate buyers for a combined $38.8 million, according to Timur Tecimer, president and chief operating officer of OMP. The three buyers, all relocating from Los Angeles County to the Orange County project, are Affliction Clothing, Magtek and Jerry Turpanjian, a principal of a firm called Amonix that is leasing the building from Turpanjian.

Affliction clothing, a manufacturer, bought a building at 1779 Apollo Court where it is relocating its headquarters from Signal Hill. Amonix is a designer and manufacturer of photovoltaic power systems that will move into a building at 1709 Apollo Court, and Magtek is an electronic transaction technology firm that has acquired a building at 1710 Apollo Court in a relocation from Carson. The deals bring the occupancy of the development to six of 10 buildings sold, representing 450,000 sf of the 44-acre project’s total of 831,000 sf of industrial and office space.