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Industrial Property In Anaheim Sells For $19.8M

1250 North Tustin Ave. in Anaheim

CBRE Group brokered the sale of an industrial property in Anaheim to Doyle Properties for $19.8M in a 1031 exchange.

The property, at 1250 North Tustin Ave., will serve as Econolite Group's new high-image facility after purchasing it from the seller, The Blackstone Group.

It is an approximately 84,928 SF freestanding corporate headquarters office/flex property.

CBRE First Vice President Carol Trapani and senior vice presidents Ben Seybold and Sean Ward repped the buyer. Colliers International Senior Executive Vice President Clyde Stauff repped the Blackstone Group.