Private investment group acquires SoCal business park

TA Associates adds space in Los Angeles County

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Grubb & Ellis represented TA Associates, a Newport Beach-based private investment group, in the purchase of San Dimas Business Park, a 95,153-square-foot property in San Dimas, Calif. The transaction was valued at $9 million. The five-building project, which is located at 301-403 E. Arrow Highway, was 94 percent leased at the time of sale. The property was sold by San Dimas Business Park LLC of Woodland Hills. Grubb & Ellis is a global provider of integrated real estate services. *** Send tips or a letter to the editor to newsroom@inman.com or call (510) 658-9252, ext. 124....