Grubb & Ellis represented First Industrial Realty Inc., a Chicago-based REIT, in the purchase of a 116,000-square-foot industrial building in the City of Industry.

The value of the sale-leaseback transaction was valued at $5.4 million.

The single-story, concrete tilt-up manufacturing facility, which is located at 333 Turnbull Canyon Road, was sold and leased back by Saint-Gobain Calmar Inc., a specialty packaging firm. The company has been in the building since it was built in 1962.

Kevin Shannon, Scott Schumacher and Michael Moore of Grubb & Ellis’ South Bay office and Jim Center and Chalvis Evans of the firm’s San Gabriel Valley office represented the buyer and the seller in the transaction.

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

***

Send a Letter to the Editor for publication.
Send a comment or news tip to our newsroom.
Please include the headline of the story.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Refer friends to Select and get $200 in credit.Learn More×
Connect Now is just days away. Don't miss out.Reserve your seat today.×