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by CareyBot

Westcore Properties has sold an industrial building in Garden Grove, Calif., to a limited liability company for a price of $24 million. Westcore Monarch LLC unloaded the property, located at 12752-12822 Monarch St., on CRP-2 Monarch LLC, an affiliate of Colony Realty Partners. The building totals 277,037 square feet of space on an 11-acre lot. "This rare, low-finish industrial building is in the highly desirable West Orange County submarket with below-market rents and diverse tenant sizes," Gary Katz, director of acquisitions for Westcore Properties in Southern California and the West, said in a press statement. ...