ING Clarion buys $66m portfolio.ING Clarion A family of application development systems for Windows from SoftVelocity, Inc., Pompano Beach, FL (www.softvelocity.com). Clarion provides a comprehensive set of tools for development, including a screen builder, 4GL and application generator. Partners, a leading real estate investment advisory firm, announced that it has acquired a $66 million portfolio of Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, industrial properties on behalf of an investment fund managed by the firm. The seller is an institutional fund managed by RREEF. The portfolio consists of five fully-leased class-A industrial warehouse buildings in Valencia and Anaheim, California “Anaheim” redirects here. For Annaheim, see Annaheim, Saskatchewan. Anaheim is a city in Orange County, California, located 28 miles southeast of Los Angeles. . The 319,000 s/f Anaheim Miraloma Distribution Center is located on Miraloma Avenue in Anaheim, just northeast of the intersection of the SR-57 Freeway and the SR-91 Freeway. Tenants include Bunzl and Lantis Eyewear eye·wear n. 1. Eyeglasses, goggles, or other objects worn over the eyes. 2. Fashionable eyeglasses. . The Valencia Commerceplex consists of three properties totaling 325,000 square feet and is located in the Valencia Commerce Center, just southwest of the intersection of the SR-126 Highway and the I-5 Freeway. The buildings are currently leased to a diversified tenant base that includes Maly's Holding Company, EFS EFS Encrypted File System (Microsoft Windows 2000) EFS Event Free Survival (survival rates in clinical trials) EFS Evangeliska Fosterlandsstiftelsen (Sweden) Aerospace, and Swift First Aid. "We continue to look for opportunities to invest in industrial properties in regions that we believe will benefit from expanding global trade. These are excellent facilities, well located in a dynamic and growing market. We are delighted to add them to our portfolio," said Michael E. McCann, senior vp at 1NG Clarion. |
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