OFFICE SALES
The biggest deals, in square feet, in the fourth quarter:
BERGEN BRUNSWIG BUILDING
4000 Metropolitan Drive
Orange
175,000 sq. ft.
Buyer: Bergen Brunswig
Buyer Agent: The Spiezia Corp.
Seller: Burnham Pacific Properties
Seller Agent: None
Deal Terms: $20 million; all-cash sale
SUMMIT OFFICE CAMPUS
95 & 101 Enterprise
Aliso Viejo
169,352 sq. ft.
Buyer: OhioSTRS
Buyer Agent: None
Seller: Parker Properties/AEW Capital Management
Seller Agent: None
Deal Terms: $31 million; all-cash sale
WESTERN FINANCIAL SAVINGS BANK
23 Pasteur
Irvine
119,000 sq. ft.
Buyer: Haskell & White CPA
Buyer Agent: CB Richard Ellis
Seller: Western Financial Savings Bank
Seller Agent: CB Richard Ellis
Deal Terms: $21.4 million; all-cash sale
WARNER RED HILL BUSINESS CENTER
15901-15991 Red Hill Ave.
Tustin
94,645 sq. ft.
Buyer: Touchstone Investments
Buyer Agent: Cushman Realty
Seller: PaineWebber Properties
Seller Agent: Cushman Realty
Deal Terms: $10,900,000; all cash sale
CYPRESS CORPORATE PLAZA
10805 Holder St.
Cypress
84,552 sq. ft.
Buyer: IRP Muller Associates
Buyer Agent: Cushman & Wakefield
Seller: Tokai Shipping of America
Seller Agent: Cushman & Wakefield
Deal Terms: $8.6 million; all-cash sale
PARK MacARTHUR
3901-3961 MacArthur Blvd.
Newport Beach
78,000 sq. ft.
Buyer: Wattson Breevast
Buyer Agent: CB Richard Ellis
Seller: Nikko Capital Corp.
Seller Agent: CB Richard Ellis
Deal Terms: $10 million; all-cash sale
OFFICE LEASES
PARK PLACE
3337, 3353, and 3355 Michelson Drive
Irvine
400,000 sq. ft.
Tenant: ConAgra Grocery Products Co.
Tenant Agent: P.J. Morgan (Omaha)
Landlord: Winthrop Management
Landlord Agent: Winthrop Management
Deal Terms: 10 years, $91 million
401 CIVIC CENTER DRIVE
401 Civic Center Drive
Santa Ana
93,000 sq. ft.
Tenant: Orange County District Attorney’s
Office
Tenant Agent: None
Landlord: Caribou Industries
Landlord Agent: Caribou Industries
Deal Terms: 20 years, amount undisclosed
STADIUM CROSSINGS
2125 Katella Ave.
Anaheim
62,000 sq. ft.
Tenant: Hewlett-Packard Co.
Tenant Agent: Mitchell & David Leit
Landlord: Crown Realty
Landlord Agent: CB Richard Ellis
Deal Terms: 10 years, $17 million
HARBOR CORPORATE PARK BUILDING E
Harbor Boulevard @ Sunflower Avenue
Santa Ana
55,000 sq. ft.
Tenant: Art Institute of Los Angeles-Orange County
Tenant Agents: Grubb & Ellis, Trammell Crow
Landlord: CarrAmerica Realty Corp.
Landlord Agent: CarrAmerica Realty Corp.
Deal Terms: 15 years, $11.5 million
888 SAN CLEMENTE DRIVE
Newport Beach
50,000 sq. ft.
Tenant: PaineWebber Group Inc.
Tenant Agent: Cushman Realty
Landlord: The Irvine Co.
Landlord Agent: The Irvine Co.
Deal Terms: 10 years, $25 million
IRVINE CONCOURSE
1900 Main St.
Irvine
44,290 sq. ft.
Tenant: Allen, Matkins, Leck, Gamble & Mallory
Tenant Agent: CB Richard Ellis
Landlord: Koll Co.
Landlord Agent: CB Richard Ellis
Deals Terms: 10 years, $15 million
CITY OFFICE
601 S. Lewis St.
Orange
33,826 sq. ft.
Tenant: CKE Restaurants, Inc.
Tenant Agent: CB Richard Ellis
Landlord: Simplex Realty Services
Landlord Agent: Simplex Realty Services
Deals Terms: 5 years, $3.6 million
SUMMIT OFFICE CAMPUS, BUILDING C
85 Enterprise
Aliso Viejo
28,500 sq. ft. (expansion)
Tenant: Buy.com
Tenant Agent: CB Richard Ellis
Landlord: Parker Properties
Landlord Agent: CB Richard Ellis
Deals Terms: 5 years, $4.5 million
IRVINE CONCOURSE
1920 Main St.
Irvine
24,273 sq. ft.
Tenant: Universal Underwriter
Tenant Agent: CB Richard Ellis
Landlord: Equity Office Properties
Landlord Agent: Equity Office Properties
Deals Terms: 5 years, $3.5 million
PACIFIC FINANCIAL PLAZA
800 Newport Center Drive
Newport Beach
21,173 sq. ft. (expansion)
Tenant: PM Realty Advisors
Tenant Agent: None
Landlord: CalSTRS
Landlord Agent: Cushman & Wakefield
Deals Terms: 3 years, $2.75 million
INDUSTRIAL SALES
1300 BEACH BLVD.
La Habra
533,069 sq. ft.
Property Type: Office/service center
Sale Price: $29.5 million
Buyer: ICI
Seller: Chevron Products Co.
Seller Agent: Cushman & Wakefield
500 SUPERIOR AVE.
Newport Beach
415,000 sq. ft.
Property Type: Office/service center
Sale Price: $23 million
Buyer: St. Clair Co.
Seller: Hughes Aircraft/Raytheon
Seller Agent: Cushman Realty
901 SOUTH ST.
Anaheim
330,000 sq. ft.
Property Type: Warehouse/distribution
Sale Price: Undisclosed
Buyer: Jackson-Shaw Co.
Buyer Agent: Cushman & Wakefield
Seller: Hitachi
Seller Agent: Voit Commercial
5911 FRESCA DRIVE
La Palma
294,860 sq. ft.
Property Type: Warehouse/distribution
Sale Price: $12.2 million
Buyer: Goldrich & Kest Industries
Buyer Agent: Lee & Associates
Seller: Neupalma Co.
Seller Agent: Trammell Crow Co.
16700 RED HILL AVE./1595 DEERE
Irvine
171,000 sq. ft.
Property Type: Manufacturing
Sale Price: $13.6 million
Buyer: Orthodyne
Buyer Agent: Cushman & Wakefield
Seller: Pfizer Inc.
Seller Agent: Cushman & Wakefield
Comment: on 13.5 acres
BROOKHOLLOW EXPRESSWAY
30322 Esperanza
Rancho Santa Margarita
126,128 sq. ft.
Property Type: Warehouse/distribution
Sale Price: $9 million
Buyer: Star Furniture/Scanmark, Inc.
Buyer Agent: Cushman & Wakefield
Seller: Connecticut General Life Insurance
Seller Agent: CB Richard Ellis
Comment: Star Furniture will occupy 45,433 sq. ft.
1401-1415 N. BATAVIA ST.
Orange
125,830 sq. ft.
Property Type: Office/service center
Sale Price: $8.9 million
Buyer: Foremost Business Parks
Buyer Agent: Voit Commercial
Seller: CT Realty
Seller Agent: Voit Commercial
6363 REGIO AVE.
Buena Park
113,980 sq. ft.
Property Type: Manufacturing
Sale Price: $4.65 million
Buyer: Tawa Foods
Buyer Agent: Seeley Co.
Seller: Arthur Kazarian
Seller Agent: Grubb & Ellis
ANAHEIM BOULEVARD
BUSINESS CENTER
225 Carl Karcher Way
Anaheim
57,600 sq. ft.
Property Type: Manufacturing
Sale Price: $4,132,800
Buyer: OCARC
Buyer Agent: Cushman & Wakefield
Seller: Jackson Shaw Co.
Seller Agent: Cushman & Wakefield
VANTAGE BUSINESS PARK
8687 Research
Irvine
22,000 sq. ft.
Property Type: Office/service center
Sale Price: $3.8 million
Buyer: Sundance Travel International
Buyer Agent: The Leasing Connection
Seller: Dynamic Builders
Seller Agent: Grubb & Ellis
INDUSTRIAL LEASES
901 SOUTH ST.
Anaheim
330,000 sq. ft.
Property Type: Warehouse/distribution
Lease Term: 10 years
Tenant Name: Freeman Decorating
Tenant Agent: Cushman & Wakefield
Building Owner: Jackson Shaw Co.
Owner’s Agent: Cushman & Wakefield
CROSSROADS ANAHEIM
1600-1650 Kraemer Blvd.
Anaheim
296,825 sq. ft.
Property Type: Warehouse/distribution
Lease Term: 10 years
Tenant Name: Automotive Caliper
Exchange Inc.
Tenant Agent: Daum Commercial
Building Owner: Proficiency Anaheim
Ltd. Partnership
Owner’s Agent: Voit Commercial
3731 WARNER AVE. (WEST)
Santa Ana
129,600 sq. ft.
Property Type: Manufacturing
Lease Term: 3 years 10 months
Tenant Name: Orange Courier
Tenant Agent: Grubb & Ellis
Building Owner: Deutsch Eric Alexander
Owner’s Agent: Grubb & Ellis
IRVINE TECHNOLOGY CENTER
310-330 Commerce
Irvine
116,210 sq. ft.
Property Type: High technology
Lease Term: 5 years
Tenant Name: Nextel Communications
Tenant Agent: Staubach Co.
Building Owner: The Irvine Co.
Owner’s Agent: Irvine Office Co.
1001 BALL ROAD
Anaheim
110,898 sq. ft.
Property Type: Office/service center
Lease Term:10 years
Tenant Name: Extron Electronics
Tenant Agent: Sperry Van Ness
Building Owner: CT Realty Corp.
Owner’s Agent: CB Richard Ellis
FOOTHILL CORPORATE CENTER
Foothill Ranch
107,014 sq. ft.
Property Type: Manufacturing
Lease Term:11 years
Tenant Name: Venus Textiles
Tenant Agent: Lee & Associates
Building Owner: Burke
Owner’s Agent: Cushman & Wakefield
Comments: Preleased prior to construction
1201 CERRITOS AVE.
Anaheim
101,920 sq. ft. (expansion)
Property Type: Warehouse/distribution
Lease Term:4 years 1 month
Tenant Name: Reid Plastics
Tenant Agent: Trammell Crow Co.
Building Owner: AMB Property Corp.
Owner’s Agent: Cushman & Wakefield
FULLERTON CROSSROADS
610 Gilbert St.
Fullerton
96,960 sq. ft.
Property Type: Warehouse/distribution
Lease Term:10 years
Tenant Name: Di Shin
Tenant Agent: Grubb & Ellis
Building Owner: Legacy Partners
Owner’s Agent: Grubb & Ellis
2721 HARBOR BLVD.
Santa Ana
82,755 sq. ft.
Property Type: Manufacturing
Lease Term:10 years
Tenant Name: Princeton Graphics
Tenant Agent: Lee & Associates
Owner’s Agent: Collins Commercial Corp.
Comments: Pre-leased prior to construction
6600 KATELLA AVE.
Cypress
81,000 sq. ft.
Property Type: Warehouse/distribution
Lease Term: 10 years
Tenant Name: Bravo Corp.
Tenant Agent: Grubb & Ellis
Building Owner: Cypress Land Co.
Owner’s Agent: Grubb & Ellis
Source: Cushman & Wakefield of Southern California
