SEVENTH STREET DEVELOPMENT SELLS THREE INDUSTRIAL BUILDINGS
POMONA, CALIF. — Seventh Street Development has sold three industrial buildings within its newly built Mission-71 Business Park in Pomona for a total consideration of $9.3 million. Benik LLC, a shoe importer, acquired a 23,000-square-foot building; Wira Corp., an Indonesian food distribution company, purchased a 22,000-square-foot building; and Zion International Enterprise Inc. acquired a 16,000-square-foot facility. All three buildings feature 24-foot clear heights, 2,293 square feet of ground-floor and mezzanine office space, and dock-high and ground-level truck doors. Tony Phu of Colliers International represented Benik LLC; Sonny Tan of Pacific Coast Real Estate represented Wira Corp. and Zion International Enterprise Inc. Barbara Emmons, Lynn Know, John Privett and Lyn Eisenhower of CB Richard Ellis represented Seventh Street Development in all the building sales. Additionally, Seventh Street Development received planning commission approval to develop a three-building, 213,000-square-foot second phase at Mission-71 Business Park.