Feb. 13, 2001
For
More Information:
Donna Hahn
Hahn Communications
(949)
458-3983
hahnmarketing@mailatlanta.net
WESTERN STATES TECHNOLOGIES INCREASES INDUSTRIAL
PORTFOLIO WITH RANCHO DOMINGUEZ ACQUISITION
SANTA
MONICA, CALIF. – Santa Monica,
Calif.-based Western States Technologies Inc. has acquired a 43,000-square-foot
industrial property in Rancho Dominguez, Calif.,
for $1.5 million. The property was
acquired from Advanced Fresh Concepts.
Located at
19335 S. Laurel Park Rd., the industrial property is currently 100 percent
leased to Consolidated Electrical Distributors and features both warehouse and
distribution facilities.
According to Scott Venturelli, president of Western States Technologies, the
property’s location near major transportation systems, as well as its strong
industrial attributes, made it a solid investment for the company.
“This site
offers excellent upside potential due to its proximity to the Ports of Long
Beach and Los Angeles, as well as
the developing Alameda Corridor,” said Venturelli. “Over the long term, any business with
distribution and warehouse needs requiring immediate access to shipping and
ground transportation facilities will find this a highly desirable location.”
Bill Dolan
of Trammell Crow’s San Diego office
represented both Western States Technologies and the seller in the
transaction.
Western
States Technologies was established in 1985 in Los Angeles,
Calif.
The company concentrates on the successful development, acquisition and
rehabilitation of industrial and office properties.
Currently, the company owns and manages a mixed-use portfolio totaling more
than one million square feet with more than 100 tenants in Los
Angeles, Orange,
Riverside and San
Bernardino counties.
By incorporating its strong, hands-on asset management approach, the
company has averaged occupancy rates of more than 97 percent portfolio-wide
over the past six years.
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