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REAL ESTATE DEALS – May 13, 2013

Sales and leases of offices, industrial buildings, retail space and apartments


SALE

Westgrove Plaza recently sold a retail center in Garden Grove for $8.5 million to N.D. Dinh Tran Trust.

The 33,074-square-foot property is at 10320 Westminster Ave.

The center is in the middle of Little Saigon and was 100% occupied at the time of purchase, according to real estate brokerage NAI Capital.

The brokers involved in the deal included NAI Capital’s Tom Nguyen and Lawrence Ling of Ling & Associates LLC.

Nguyen represented the buyer, while Ling represented the seller.


SALE

7274 Lampson Ave., Garden Grove

Price: $4.9 million

Building: office

Square feet: 65,234

Price per square foot: $75

Buyer: Francis Trust

Seller: Hurtt Trust

Broker(s): Scott Smith, Curt Stalder of Lee & Associates Commercial Real Estate Services Inc.; Andy Friedman of Industrial Properties


SALE

4222 E. La Palma Ave., Anaheim

Price: $1.1 million

Building: industrial

Square feet: 6,950

Price per square foot: $164.08

Buyer: The Rethmeier Family Trust

Seller: L&L La Palma Property LLC

Broker(s): David Williams of Lee & Associates; Sean Ward of CBRE Group Inc.


LEASE

1526 Brookhollow Drive, Santa Ana

Space: 1,584 square feet

Building: office

Terms: length undisclosed; $127,840

Tenant: Orange County Intergroup Association of AA

Landlord: Daniel Lee

Broker(s): Robert Davis of NAI Capital


SALE

8650 Beach Blvd., Buena Park

Price: $1.3 million

Building: retail

Square feet: 5,600

Price per square foot: $232.14

Buyer: Pacific Development Group

Seller: Mary Pickford Foundation

Broker(s): Jessie Paster, Irwin Hyman of NAI Capital


LEASE

27221 Ortega Highway, San Juan Capistrano

Space: 1,629 square feet

Building: retail

Terms: length undisclosed; $161,296

Tenant: Bizhan Atooni

Landlord: Minaberry Family Trust B

Broker(s): Roger Niez, Steve Liu of NAI Capital


LEASE

28 Hammond, Irvine

Space: 8,000 square feet

Building: office

Terms: five years; cost undisclosed

Tenant: undisclosed

Landlord: undisclosed

Broker(s): Allen Buchanan, Marshal Vogt, David LaFosse of Lee & Associates

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