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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