Group Acquires 4 Industrial Parks
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California Industrial Properties of Irvine has acquired four industrial parks in Orange and Los Angeles counties for an estimated $22 million.
The industrial parks have 438,000 square feet of space on 24 acres. The company bought Lambert Palm Business Center in La Habra and Founders Business Center in Yorba Linda from Founders Financial Corp.; Park La Habra in La Habra from Principal Group; and Bloomfield Center in Santa Fe Springs from an unidentified seller.
California Industrial Properties, which has purchased $70 million worth of Southland industrial and commercial real estate, acquired Lambert Palm Business Center, Founders Business Center and Park La Habra in partnership with Alex Brown Realty of Baltimore.
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