An industrial development is slated to be built in east Anaheim, adding more warehouse and distribution space to a local market that’s facing its toughest leasing environment in several years.
Anaheim-based Pacific Sunwear of California Inc. recently closed on a deal to sell a roughly 6.3-acre plot of land next to its headquarters on East Miraloma Avenue.
The buyer is Irvine-based developer Sares-Regis Group.
Sares-Regis Group, which also has a 312-unit apartment complex going up in Anaheim, near North Tustin Avenue and the Riverside (91) Freeway’s planning a three-building industrial project at the site.
The plan includes one 60,000-square-foot industrial building and two 30,000-square-foot buildings, according to Sares-Regis.
While larger and older industrial properties in the area are having trouble leasing up, there’s little in the way of newer industrial properties in the 30,000 to 60,000 square foot range, which bodes well for the new Miraloma Avenue project, said Larry Lukanish, Sares-Regis vice president.
The company’s plan will to be to offer the three buildings either for sale or for lease. Final plans for the site are still being finished up, Lukanish said.
For more on this story, read the June 1 issue of the Business Journal.
