Sales and leases of offices, industrial buildings, retail space and apartments
SALE
Australia’s Dexus Property Group, which opened an office in Newport Beach last year, paid $18.3 million for a 292,000 industrial building at 5911 Fresca Drive in La Palma. The building, which includes some 1,600 square feet of office space, is partially leased by Iron Mountain Inc. This will be the third local buy for Dexus, which has said that it is looking to spend $100 million or so on Southern California deals. Last year, the local operations and staff of Newport Beach-based Master Develop-ment Corp. were folded into Dexus, one of the largest commercial property owners in Australia. Both Dexus and seller Fresca Industrial Park were represented by Cameron Driscoll and Luke McDaniel of the Anaheim office of Voit Real Estate Services.
SALE
719-796 Brea Blvd., Brea
Price: $14.5 million
Building: retail
Square feet: 56,945
Price per square foot: $255
Buyer: Gerrity Atlantic Retail Partners LLC
Seller: Westwood Financial Corp.
Brokers: Preston Fetrow of CB Richard Ellis Group Inc.
LEASE
170 Technology, Irvine
Space: 41,905 square feet
Building: industrial
Terms: 6 years; value undisclosed
Tenant: 3 Point Distribution LLC
Landlord: Ingold Family Investments
Brokers: Don Yahn, Brett Swartzbaugh of Cushman & Wakefield Inc.; Fred Spitzkeit of Ashwill Associates
SALE
100, 110, 120 E. La Habra Blvd.,
La Habra
Price: $2.8 million
Building: office
Square feet: 35,618
Price per square foot: $79
Buyer: undisclosed
Seller: Chase Bank
Brokers: David Black, Michael Lawrence of Marcus & Millichap Real Estate Investment Services; Andrew Robben, Brian Garbutt of Lee & Associates
LEASE
20 Executive Park, Irvine
Space: 28,000 square feet
Building: office
Terms: $6 million; 10 years
Tenant: LSA Associates Inc.
Landlord: Irvine Company
Brokers: Ralph Simmonds of Simmonds Realty Group; Rick Wandrocke of Irvine Co.
SALE
3600 W. Segerstrom Ave., Santa Ana
Price: $4.3 million
Building: industrial
Square feet: 43,320
Price per square foot: $99
Buyer: Main Electric Supply Co.
Seller: Strategic Capital Partners
Brokers: Dave Desper, Nick Spatafore, David Bolt of CB Richard Ellis; Wade Tift of Grubb & Ellis Co.
