Inman

Private investment group acquires SoCal business park

Grubb & Ellis represented TA Associates, a Newport Beach-based private investment group, in the purchase of San Dimas Business Park, a 95,153-square-foot property in San Dimas, Calif.

The transaction was valued at $9 million.

The five-building project, which is located at 301-403 E. Arrow Highway, was 94 percent leased at the time of sale.

The property was sold by San Dimas Business Park LLC of Woodland Hills.

Grubb & Ellis is a global provider of integrated real estate services.

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