Coreland Provides Disposition, Receivership & Property Management Services and Sells REO Industrial Property for $9,925,000 (2009-10-14)
Coreland Companies represented the seller in the sale of a lender-owned industrial complex at 9220 Hall Road in Downey, Calif. The purchase price was $9,925,000. Located on 7.1 acres, the sale consisted of 45 industrial condo units encompassing 174,380 SF and situated in a newly completed 50-unit industrial development. Prior to the sale, Coreland Principal Patrick Galentine was appointed State Court Receiver in matters involving the asset. Coreland Companies was named property manager during the receivership period, and Coreland’s brokerage department provided a strategic oversight role for the property’s disposition.
