Sales and leases of offices, industrial buildings, retail space and apartments
SALE
Teacher Created Materials Inc., a publisher of educational books and other materials, bought an industrial building at 5482 Argosy Ave. in Huntington Beach for $3.6 million. The company is headquartered in the same city and will use the new 38,100-square-foot building to expand its sister company, Shell Education. Teacher Created Materials opened in 1977 in Huntington Beach and specializes in educational books for students in grade school. The deal is the largest industrial sale in terms of square feet in Huntington Beach in 2010, according to Mike Bouma of Voit Real Estate Services, which represented the seller, H and E Graham Trust. Terry Rylski of Coldwell Banker Real Estate Corp./Campbell Realtors Inc. represented Teacher Created Materials.
SALE
1240, 1250 N. Lakeview Ave., Anaheim
Price: $9.25 million
Building: industrial and office
Square feet: 78,900
Price per square foot: $117
Buyer: FKC Properties Inc.
Seller: Foremost Airport Las Vegas Ltd.
Brokers: Alan Pekarcik, Dan Vittone and Nick Frasco of Voit Real Estate Services
SALE
15785 Laguna Canyon Road, Irvine
Price: $1.76 million
Building: office condos
Units: two
Price per unit: $880,000
Buyer: Monarch Healthcare
Seller: AJ Faith Properties
Brokers: David Bolt and Christopher Bates of CB Richard Ellis Group Inc.; Craig DeMiranda of Lee & Associates
SALE
1518 N. Durant St., Santa Ana
Price: $687,750
Building: apartment
Units: eight
Price per unit: $85,969
Buyer: Ludmir Family LLC
Seller: JP Morgan Chase & Co.
Brokers: Michael Woolbright and Shane McConnell of Marcus & Millichap Real Estate Investment Services
LEASE
2301 Dupont Drive, Irvine
Space: 11,000 square feet
Building: office
Terms: seven years; value undisclosed
Tenant: Phygen LLC
Landlord: KBS Realty Advisors LLC
Brokers: Chon Kantikovit, John Pomer and Ben Gott of Grubb & Ellis Co.; John Weiner of CB Richard Ellis Group
LEASE
2301 Dupont Drive, Irvine
Space: 11,000 square feet
Building: office
Terms: seven years; value undisclosed
Tenant: Phygen LLC
Landlord: KBS Realty Advisors LLC
Brokers: Chon Kantikovit, John Pomer and Ben Gott of Grubb & Ellis Co.; John Weiner of CB Richard Ellis Group
LEASE
2020 Main St., Irvine
Space: 10,460 square feet
Building: office
Terms: six years; value undisclosed
Tenant: Burkhalter Kessler Goodman & George LLP
Landlord: Prudential Financial Inc.
Brokers: Jack McNutt of Grubb & Ellis; Greg Brown of Cushman & Wakefield Inc.
