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COMMERCIAL REAL ESTATE; DEALS
[Home Edition]
Los Angeles Times - Los Angeles, Calif.
Date: Oct 3, 2000
Start Page: 10
Section: Business; PART- C; PART-; Financial Desk
Abstract (Document Summary)

* The Irvine office of New York-based Lend Lease Real Estate Investments acquired the 486,782-square-foot MC&C Commerce Center/ Stage Road Properties in Santa Fe Springs for $33 million from New York-based Fortis Advisers Inc. and Santa Fe Springs-based McGranahan Carlson & Co. in what brokers said was one of the largest property sales ever in the mid-counties industrial market. The MC&C center includes nine buildings on 23 acres at Florence and Shoemaker avenues and at Valley View Avenue and Stage Road that were developed in 1999 by McGranahan Carlson & Co. The CB Richard Ellis team of Steve Batcheller, Darla Longo, Rick McGeah and Barbara Emmons represented the buyer and the seller.

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