Crown Acquires Irvine Site
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Crown Realty & Development of Irvine acquired a 258,000-square-foot industrial and office facility at 9320 Telstar Ave. in El Monte for $30 million from Avnet, an international distributor of semiconductors and other computer-related products. Clyde Stauff and Tom Taylor of Colliers Seeley International represented Avnet. Crown represented itself.
A Hager Pacific Properties affiliate purchased a 350,000-square-foot warehouse and office park at 6277 E. Slauson Ave. in Commerce for $13 million from Daetwyler Enterprises Corp., the original developer of the project. Chuck Littell of Colliers Seeley represented the buyer. Sid Renfro of Interamerican Realty represented the seller.
Herbalife signed a five-year, $3-million lease for 82,471 square feet of warehouse and office space at 930 E. 223rd St. in Carson. The landlord, Watson Land Co., was represented in-house by Kirk R. Johnson. Herbalife was represented by Steve Marcussen of Cushman Realty Corp.
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