Cabot goes Left Coast industrial

Boston-based Cabot Properties Inc. purchased a 155,679-square-foot industrial building in Corona, Calif.

The transaction was valued at $8.4 million.

The single-story, concrete tilt-up building, which is located at 250 Airport Circle, was 100 percent leased at the time of sale. The property was sold by Westmart Realty Company, a private real estate investor.

Randy Lockhart and Milo Lipson of Grubb & Ellis' Ontario office and Tim Hawke of Strata Realty represented the seller in the transaction. Patrick Remolacio of Colliers Seeley represented the buyer.

Grubb & Ellis is a global provider of integrated real estate services.

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