Aug

JV Acquires $27M Industrial Building in CA

Colony Northstar sold Monarch Industrial, a warehouse facility in Garden Grove, Calif. The property is fully leased to four tenants.

Penwood Real Estate and Western RealCo purchased Monarch Industrial, a multi-tenant warehouse facility in Garden Grove, Calif., from Colony Northstar for $27 million.

Located at 12752 to 12822 Monarch St., the 276,585-square-foot Monarch Industrial is 100 percent occupied by four tenants: Virtu USA, V Factory, New Mode Sportswear and Riviera Beverages. The facility is in close proximity to the 22, 504 and 605 freeways…

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JV Acquires $27M Industrial Building in CA

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