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Deals

January 07, 1998

Irvine-based investment group Colton Capital has purchased a portfolio of four industrial buildings in Lake Forest from John Hancock Mutual Life Insurance Co. of Boston for $11 million.

The buildings, which total 114,535 square feet, are located at 23101 and 23161 Lake Center Drive, near the Santa Ana Freeway, and at 22471 and 22481 Aspan St. The portfolio was 98% leased at the time of the sale, according to George Economos of Grubb & Ellis Co.

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