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LOS ANGELES — The Magellan Group has purchased a 235,000-square-foot industrial manufacturing building in San Bernardino, CA, for $5.5 million. The group plans to invest $1 million in building improvements, which should be complete in about four months. The property was purchased with equity partner Penwood Real Estate Investment Management. Finn Comer and Vince Anthony of Lee and Associates represented The Magellan Group in the transaction.