WLA unloads L.A. business centers

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Newport Beach-based commercial real estate investment firm WLA Investments sold two Los Angeles-area properties, Commerce Center Santa Fe Springs and Carmenita Pumice Business Park in Norwalk, to the Bendetti Co. The total value of the transactions was approximately $9.8 million. Commerce Center Santa Fe Springs is an 81,118-square-foot, four-building industrial park located at 11823 East Slauson Ave. The building was 95 percent leased at the time of sale. Carmenita Pumice Business Center, a 29,808-square-foot multitenant industrial building located at 13538-13595 Pumice, was 100 percent leased at the time of sale. Pekarcik, Dan Vittone of Voit's Irvine office and Paul Caputo of Voit's Anaheim Metro office represented The Bendetti Co. and WLA Investments in the sale. Voit Commercial Brokerage, a member of CORFAC International, is a full-service brokerage firm that specializes in the sales and leasing of office, industrial and retail properties. *** Send a Letter to the Editor fo...