Industrial complex is sold

DOWNEY - A Downey industrial complex has sold for just less than $10 million, Coreland Companies real estate company announced on Wednesday.Located on 7.1 acres at 9220 Hall Rd., the transaction consisted of 45 condominium units encompassing 174,380 square feet and situated in a newly-completed 50-unit industrial development. The property is currently vacant but the buyer, Los Angeles-based Rexford Industrial, plans to offer some of the units for sale and the remaining units will be leased, according to Steven Hogberg, senior vice president of Coreland's brokerage division. ********** Published: October 16, 2009 - Volume 8 - Issue 26