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South Bay Sale, Lease Tally 95,000 SF
GlobeSt.com
July 23, 2007
CARSON, CA - The 44,000-sf Carson Commercial Center office and retail project has changed hands in the larger of two deals totaling more than 95,000 sf and involving the relocation of one company headquarters. Rosecrans Industrial LLC of Los Angeles acquired the three-building Carson property which is off the 405 freeway at 940 E. Dominguez St., from Irvine-based SVN Equities LLC for $6.5 million.
The Carson Commercial Center, situated near the Carson regional shopping center and a new 24-Hour Fitness CEnter, consists of three buildings with retail, office and medical office space. The park, which was at 95% occupancy at the time of sale, is 80% built out. President Burton Young of SVN Equities, which has owned the business park since 1999, says that the buyer gets a property where tenant interest "will only increase over time" because of the park's location, visibility, direct commuter access and proximity to major retail and service providers.
SVN Equities was represented by Frank Kosi of Sperry Van Ness in Irvine. The buyer was represented by Alan Deszcz from the Ontario office of Sperry Van Ness and David Stassel of the Orange office of Grubb and Ellis.
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