Sales and leases of offices, industrial buildings, retail space and apartments
<LEASE
British defense and aerospace company BAE Systems PLC renewed a lease for 118,500 square feet of industrial space at 1195 and 1095 Columbia St. in Brea. The company considered moving to Anaheim or Chino, but renewed in Brea after getting $500,000 for upgrades to the buildings from landlord Colyear Development Corp. of El Monte. The five-year lease starts in January and is valued at $3.2 million. The two buildings are used for administrative purposes and to assemble military parts for helicopters and Humvee vehicles. BAE plans to consolidate its regional administrative operations into one building. Karl Heim of CresaPartners LLC represented BAE. Jenni Suvari of Colyear Development represented her company.
<SALE
18503 Yorba Linda Blvd., Yorba Linda
Price: $4.17 million
Building: retail
Square feet: 5,789
Price per square foot: $720
Buyer: Tony Nam
Seller: Festival Cos.
Brokers: Jeremy McChesney of Hanley Investment Group Inc.; David Sternberg of Roessler Investment Group
<SALE
2603 Main St., Irvine
Space: 8,347 square feet
Building: office
Terms: undisclosed
Tenant: EnCircle Media Inc.
Landlord: Century Centre LLC
Brokers: Jack McNutt of Grubb & Ellis Co.; Jennifer Whittington of Cushman & Wakefield Inc.
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965 Batavia St., Orange
Space: 5,892 square feet
Building: industrial
Terms: undisclosed
Tenant: Prestige Auto Center
Landlord: Batavia Industrial Park
Brokers: Jeff Gahagan, David Williams of Lee & Associates
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505 S. Main St., Orange
Space: 2,363 square feet
Building: retail
Terms: undisclosed
Tenant: The Sandwich Bar/Tully’s Coffee
Landlord: CRC Real Estate Co.
Brokers: Sonya Dopp-Grech of Lee & Associates; Dan Jun of Round Hill Realty LLC
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1845 W. Orangewood Ave., Orange
Space: 2,298 square feet
Building: office
Terms: undisclosed
Tenant: Steritech Group Inc.
Landlord: ARI Orangewood LP
Brokers: David Newton, Jeff Stephens, George Thomson and Marshal Vogt of Lee & Associates
<SALE
11643 Telegraph Road, Santa Fe Springs
Price: $1.35 million
Building: industrial
Square feet: 12,860
Price per square foot: $105
Buyer: Mid City Real Estate LLC
Seller: Ralph and Helen Gonzalez Family Trust
Brokers: Chris Ehrlich of CB Richard Ellis Group Inc.
