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Feb. 8, 2006

For More Information:
Donna Hahn
Hahn Communications
949/458-3983
donna@hahnmarketing.com

WESTERN STATES TECHNOLOGIES INC. BUYS, SELLS $29.7 MILLION IN INDUSTRIAL PROPERTY IN LOS ANGELES AND THOUSAND OAKS

LOS ANGELES – Los Angeles-based Western States Technologies Inc. has acquired one industrial property and sold two others recently for a combined total of $29.7 million.
Western States Technologies purchased a 77,172-square-foot industrial building, located at 2590 Conejo Spectrum in Thousand Oaks, Calif., for $10.7 million from Ventura Distribution Inc. Ventura Distribution currently leases 100 percent of the space.
The property is a state-of-the-art corporate headquarters/industrial building built in 2004 with 146 parking spaces, six dock-high loading areas with in-dock levelers and 146 clear feet of truck turning. The building is located in a prime part of the new industrial and technological business park called Conejo Spectrum, and neighbors such large biotech firms as Amgen, Ceres and Baxter.
According to Scott Venturelli, president of Western States, “We expect this investment to substantially increase in value over the next few years.”
W. Bret Hardy of the Real Estate Finance Group of Colliers International and John Degrinnis of Colliers International’s Encino, Calif., office represented both Western States Technologies and Ventura Distribution in the transaction.
In addition, Western States sold a 123,000-square-foot industrial building located at 3431 S. Main St. in Los Angeles to Overton Moore Properties of Gardena, Calif., for $13 million. Jeff Thompson of Colliers International’s Commerce, Calif., office represented both Western States Technologies and Overton Moore in the transaction.
Western States also sold a 32,000-square-foot industrial building, located at 900 E. Pico Blvd. in Los Angeles, to 4M Investments for $6 million. Western States Technologies was represented by Jeff Thompson of Colliers International, with Gabriel Weiss of Los Angeles-based Gabriel Weiss and Associates Inc. representing the buyer.
Western States Technologies concentrates on the successful development, acquisition and rehabilitation of industrial and office properties. The company currently owns and manages a mixed-use portfolio totaling more than one million square feet in Los Angeles, Orange, Riverside, San Bernardino, Ventura and San Diego counties.

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