A two-building industrial park in Cypress that holds the headquarters of apparel company Vans Inc. sold for $60 million.
An affiliate of San Francisco-based investor Stockbridge Capital Group LLC bought the Cypress Distribution Center, a 543,431-square-foot industrial property at 6550 Katella Ave., and 11130 Holder St.
In addition to Vans, which leases about 127,000 square feet of space, tenants at the buildings include Empire Warehousing and Integrated Alarm Service.
Stockbridge paid about $111 per square foot for the buildings.
Boston-based Colony Realty Partners sold the industrial park, which is 100% leased.
The sale is the largest industrial transaction reported in Orange County so far this year.
—Mark Mueller
