SEVEN-BUILDING INDUSTRIAL PORTFOLIO FETCHES $27.3 MILLION

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MODESTO, CALIF. — Save-Most Alicia Hills Ltd. and Foremost MacArthur Park LLC have completed the disposition of a seven-building industrial portfolio in Modesto. Totaling 884,754 square feet, the portfolio sold for $27.3 million. The portfolio consists of 214 Wieland Avenue, a 154,818-square-foot building that was purchased by Amir Development; 601 Riverside Avenue, a 231,101-square-foot building that was acquired by Amir Development; 427 Doherty Avenue, a 67,500-square-foot facility that was purchased by Benjamin Steele; 501 and 533 Doherty Avenue, a 51,676-square-foot building and an 82,500-square-foot building that were acquired by SaveMart Supermarkets; 2336 Doherty Avenue, a 171,250-square-foot facility that was purchased by Amir Development; and 2105 Nathan Avenue, a 126,000-square-foot building that was acquired by Dr. Stephen Endsley. Alan Pekarcik and Dan Vittone of Voit Commercial Brokerage’s Irvine, Calif., office, along with Mark Reckers of Lee & Associates, represented the sellers in the transaction.

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