L.A. retail, industrial deals sealed

Space sold, leased under multimillion-dollar contracts
Published on Jan 15, 2007

Voit Commercial Brokerage recently closed three transactions involving 77,151 square feet of retail and industrial space in Los Angeles, the company reported Thursday. The total value of the transactions was $10.1 million. In the first deal, Hugh and Barbara Smith acquired a 12,000-square-foot retail property in West Los Angeles for $6 million. Westgate Center LLC was the seller. In the second deal, Watkins and Shepard Trucking Inc. sold a 7,005-square-foot industrial building situated on 1.8 acres for $2.5 million. The property, located at 14683 Industry Circle in La Mirada, Calif., was sold as a leased investment to the Dominick and Barbara Chila Trust. In the final transaction, Felix Lighting Corp. signed a five-year lease on a 58,146-square-foot industrial building, also located in La Mirada, for $1.6 million. The property, located at 17120 Valley View Ave., is owned by Achuck Family Partnership. ...

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