Overton Moore Properties Acquires OMP Painter Commerce Center

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Feb 11, 2011, 10:00 ET

SANTA FE SPRINGS, Calif., Feb. 11, 2011 /PRNewswire/ -- Overton Moore Properties (OMP) is excited to announce the acquisition of OMP Painter Commerce Center, a two building industrial project located in the Mid-Counties submarket in the city of Santa Fe Springs, CA. The buildings total 214,614 square feet and are situated on individual parcels that total 8.9 acres. OMP is already underway with a major renovation that will transform the property into an attractive, multi-tenant property with modern features and dock high loading. "The acquisition of Painter Commerce Center is an example of creatively transforming an older, functionally obsolete property into a functional asset for today's users," noted Jason Hines, Vice President of OMP. Furthermore, OMP's approach to reusing existing buildings promotes sustainability, reduces landfill waste and preserves the embodied energy used to originally construct the building. OMP is actively acquiring assets with value add potential as well as land for future development.

Bill Napier of Told Partners represented both Buyer and Seller on the transactions. Adam Deierling & Chris Sheehan of Colliers International will market the project on behalf of OMP.

Overton Moore Properties (OMP), founded in 1972, is a privately held company specializing in real estate development, acquisition, master planning, marketing, asset management, property management, construction management, and financial reporting of industrial, office and mixed-use projects. OMP's long-term franchise value in the market, local market knowledge, deep relationships with tenants and the brokerage community, strong institutional relationships, and impeccable reputation have contributed to its success throughout the past 38 years.

SOURCE Overton Moore Properties