2008-09-19 18:55:00 -

www.storm-properties.com - for Storm Properties, Inc. Lindsay Themea, 949.631.1045 lindsay@dmpublicrelations.com Storm Properties, a developer of industrial and commercial properties, announced today that it sold approximately 545,000 square feet of its industrial real estate portfolio to TA Associates Realty for more than $52 million.

A total of 13 industrial properties located in Los Angeles and San Diego counties were sold.

The properties were key leased assets with a diverse group of Class A, long-term, global tenants.

"This is a good deal for both parties because it shows that there is long-term confidence in the industrial and commercial real estate sectors in Southern California and that cash flow allows companies to take advantage of the current market conditions," said David Simard, vice president of Storm Properties. "This transaction provides Storm Properties the opportunity to diversify and acquire new properties in different asset classes in Southern California that include office, multi-family and retail."

About Storm Properties, Inc.

Storm Properties, Inc., a division of Storm Industries, Inc., is a developer of industrial properties throughout Southern California. During the last decade, Storm Properties has developed approximately 2.5 million square feet of industrial property in Southern California. Storm Properties has been in business for more than 35 years and is located in Torrance, California. For more information, visit www.storm-properties.com or call (310) 534-5232.

$52 million in industrial real estate is sold to TA Associates
Realty