A Principal Financial Group subsidiary sold an industrial property in Fullerton to its occupier: Future Foam. The family-owned foam maker purchased the facility on 17 acres at 1050 S. State College Boulevard for $145 million, according to records dated earlier this month, paying nearly $700 for the 210,000-square-foot property. Principal Financial Group’s acquisition of 1050 S. State College Boulevard in 2022 was the priciest industrial sale in all of Orange County for the fourth quarter, according to a Kidder Mathews market report at the time. The investor purchased the property from Oltmans Investment Company back then for $52.6 million, about […]
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