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Pool Parties, Beer Pong Boost P&P

Consumer goods distributor P&P Imports LLC is blowing up.

The Santa Ana-based maker of inflatable pool floats, outdoor party games and sporting products struck a 132,545-square-foot lease for a recently redeveloped building in the Irvine Business Complex.

The new location at 17352 Derian Avenue in Irvine is a big jump in size for the company; its existing facility a few miles away runs 37,000 square feet.

The deal stands among the larger industrial leases this year for the area around John Wayne Airport.

The building is between Jamboree Road and Von Karman Avenue, near the expansive campus of medical and pharmaceutical device maker B Braun Medical Inc.

Floats, Sports, Pong

Peter Engler and Peter Tanoury, Newport Beach locals, launched P&P Imports in 2007 out of a Balboa apartment, and moved into their current Santa Ana building about a decade later.

The company sells things like inflatable pool products and outdoor games through three brands: GoFloats, GoSports and GoPong. The consumer goods distributor specializes in Amazon sales.

It has manufacturing partners in Asia, and will house its corporate office and distribution departments in its new Irvine facility, which Turner Development Corp. bought in 2017 for $14.6 million.

It’s one of several area buildings sold in 2017 and 2018 by the family that ran Royalty Carpet Mills, a now-shuttered carpet manufacturer; Derian Avenue is named after the company’s late founder Mike Derderian.

Turner bought a few Royalty Carpet buildings, while Edwards Lifesciences Corp. is currently expanding its massive campus along Red Hill Avenue on the site of the defunct company’s former headquarters.

WindWater Highlight

John Griffin of Cushman and Wakefield’s Irvine office represented Turner in the Derian Avenue lease transaction, which begins in January.

Irvine-based WindWater Real Estate represented P&P. It is Windwater’s largest deal by square feet since it rebranded under new leadership late last year.

“The industrial team at WindWater kept a close eye on the market for us. Our recent growth necessitated a move into a larger building, and they were able to quickly present a variety of options in a challenging low-vacancy market,” Engler said.

WindWater has rebranded in the past year to emphasize its new technology and marketing platform, and offer a range of real estate consulting services.

The firm is led by Rudy Caamano, previously part of Irvine-based Kelemen Caamano Investments, which has been selling off its local portfolio.

After Tibor Kelemen launched his own investment firm last year, Kelemen Co., he sold WindWater to Caamano, who wanted to shift from acquisitions and focus on brokerage and marketing services.

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