6/3/2008

NAI Capital finalizes sale of California industrial property

by
Knickerbocker Properties Inc. has sold a 78,000 square foot industrial building in Seal Beach, Calif., for an undisclosed amount to TPX, LP.

John Schumacher of CB Richard Ellis represented Knickerbocker, while the buyer was represented by Sheri Messerlian of NAI Capital's South Bay office.

The building is located at 1709 Apollo Court and sits on a 196,455 square foot lot. The buyer has leased the entire building to Torrance-based Amonix, a solar power technology company. The tenant plans to use the property to manufacture large solar cells.

Schumacher is a senior vice president with CBRE's South Bay Los Angeles office and specializes in the sale and leasing of industrial properties. He has been working in the South Bay industrial market since 1990 and was promoted to senior VP in 2000.

Address: 1709 Apollo Court, Seal Beach, Calif.

Size: 78,000 square feet

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Filed Under: Industrial

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