Colliers Seeley Starts Finance Group; Coldwell Adds OC Fred Sands
Guthrie Development Co. has begun construction on the Lakeview Business Center in Anaheim, a six-building, 165,000-square-foot complex due to be completed in June.
On 7.7 acres at the corner of Lakeview and Orangethorpe avenues, the development is evidence of the continued demand for industrial property in OC.
The Lakeview Business Center buildings will vary from 17,000 square feet to 39,000 square feet and will be utilized for industrial purposes as well as research and development. Guthrie, which acquired the property in July, will offer the buildings for sale or for lease.
Before being acquired by Guthrie, the property was home to a Yorba Orange Growers Association packing plant. The new development will honor its historical roots with a sculpture designed by the project architect, Bill Skinner.
Guthrie now has projects under way in Anaheim, Fullerton, Tustin, Rancho Santa Margarita and Foothill Ranch.
“Lakeview Business Center is typical of the type of projects we specialize in,” said Rob Guthrie, president of the firm. “We build homes for business,comfortable buildings where established small companies can thrive and grow.”
After nearly 20 years in the real estate industry, Guthrie founded the development company a year ago. Based in Orange County, the company focuses on acquisitions, development and property management.
Mike Hefner of Voit Commercial’s Anaheim office is marketing the Anaheim property.
“This industrial building park provides much-needed space in the incredibly tight Orange County market,” Hefner said.
Architects Move to Orange County
With offices in Long Beach and Century City and with a growing list of clients in Orange County, architecture and interior design firm Shlemmer + Kamus + Algaze has opened an office in Newport Beach.
The firm’s Newport Beach office, at 3300 Irvine Ave., is home to 20 employees.
Rick Shlemmer, principal of Shlemmer + Kamus + Algaze, will manage the local office and said the decision to open a full-time operation in Orange County was a no-brainer.
Citing the firm’s work for Irvine-based Newport Corp., Shlemmer said, “This is a great time to increase our presence in Orange County because of the region’s growth and tenant diversity.”
Shlemmer + Kamus + Algaze provides design services for tenants and landlords, specializing in commercial, office and retail space planning as well as interior architectural design, architecture and construction management.
Colliers Seeley Forms Finance Group
Looking to provide full service to corporate customers, Colliers Seeley International Inc. has formed a corporate real estate finance group.
“The real estate service industry is increasingly focused on providing strategic advice and analysis toward achieving corporate goals and objectives,” said Cody Plott, chief executive of Colliers Seeley. “The formation of a corporate real estate finance group is another step in our building a suite of core services required by companies.”
Through advisory and analytical financial services, Colliers Seeley intends to drive corporations’ “non-core real estate assets.”
Locally, Colliers Seeley announced a series of deals totaling more than 1.1 million square feet and valued at more than $58 million. The deals originated out of the company’s Anaheim and Irvine offices.
Among the deals were:
—Newport Beach-based Werdin Corp.’s acquisition of The Waters at Creekside, a 157,000-square-foot low-rise office complex. The nine two-story buildings in Costa Mesa sold for $20.25 million. Bill White and John Wadsworth represented both Werdin Corp. and the seller, Creekside Metro LLC.
—Fort James Paper Co.’s signing of a five-year lease for an 885,000-square-foot property in Chino Hills. Senior VPs Thomas Taylor and Clyde Stauff represented Fort James Paper, while Kevin McCarthy of Majestic Realty represented the landlord in the $18 million deal.
Coldwell Banker Residential Brokerage acquired four Fred Sands franchise companies, including Fred Sands Newport Properties in Newport Beach. This latest acquisition comes on the heels of Coldwell’s recent acquisition of 23 other Fred Sands offices in Southern California.
Approximately 30 employees from the Fred Sands Newport Properties office will relocate to the Coldwell Banker Residential Brokerage office in Newport Beach.
“We are honored to welcome these reputable real estate teams to our Coldwell Banker family,” said Bob LeFever, president of Coldwell Banker Residential Brokerage of Southern California. Overall, the acquisition adds nearly 300 employees to Coldwell Banker’s real estate workforce.