REAL ESTATE
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Sammis PCA Partners added two more industrial properties to the Brea Central Business Park, having spent $30 million for all three.
The partnership--which pairs the Irvine developer Sammis Co. with Boston’s Property Capital Associates, a real estate investment adviser--also recently bought Sammis Business Center/Walnut for $17 million and Reyes Drive Distribution Building in the City of Industry.
The Brea property cost $10 million.
The partnership said it will spend up to $250 million buying industrial properties in its major markets, which include Washington, Chicago and Atlanta, as well as Southern California.
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