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Follow on Google News | Lee & Associates Negotiates $21 Million Sale Exchange of Ontario and Fontana Industrial FacilitiesThe transaction, involving a total of 179,044 SF of industrial property, was on behalf of American Bolt and Screw
By: Lee & Associates “The new facility on Miller Avenue will provide American Bolt a more efficient operation,” said Giuliano, senior vice president of Lee & Associates-Ontario. “The move and building proceeds were utilized to provide for greater long term cash flows which included a 1031 tax deferred exchange into an $11.9 million investment property in Arkansas.” The purchase was also facilitated by Michael Giuliano and Keith Anderson. American Bolt and Screw, which is one of the nation’s largest source for commercial grade fasteners, nuts, bolts, screws and cabinet hardware, has been in operation for more than 60 years and has six ABS warehouses strategically located across the United States. End
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