REAL ESTATE DEALS
SALES
An unnamed private investor paid $5.3 million to Newport Beach-based Operon Group for a 74,065 square feet industrial building at 2307 Moore Ave. in the Fullerton Moore Business Park. Clyde Stauff of Colliers Seeley International Inc. represented Operon. Patrick Welsh of CB Richard Ellis Services Inc. represented the buyer.
Ron Duex Relocation Services of Yorba Linda paid $3.2 million to American National Properties of Anaheim for a 40,732-square-foot industrial building at 1515 W. Mable St. in Anaheim. Ron Duex is relocating to the building. Rob Socci and Brian Corrigan of Voit Commercial Brokerage represented American National. Steve Betty of Staubach Co. represented Ron Duex.
Labrador Planet LLC paid $2.7 million to Charisse and Gihad Zakhour for a 14,630-square-foot industrial building at 34 Journey in Aliso Viejo. Christine Bo-wen and John Matus of Lee & Associates Commercial Real Estate Services Inc. represented the sellers. Greg Mathess of Pacific Inland In-vestments represented the buyer.
Cary Podell paid $2.1 million to Armando and Robin Rodriguez’s Arod Properties for the 20,060-square-foot Orleans Building at 1212 N. Broadway in Santa Ana. David Cox and Tad Garabedian of Ashwill Associates Commercial Real Estate Services Co. represented both parties.
Barry Mycorn and Robert Brown paid $1.6 million to Norman F. Chang for a 24-unit apartment complex at 1215 to 1221 N. Dresden Place in Anaheim. Robert Chui and Kevin Lutz of Sperry Van Ness represented both parties.
LEASES
Mybar Printing Inc. renewed a lease for 45,000 square feet at 2772 Main St. in Irvine for five years (photo). Financial terms weren’t disclosed. The printer has been at the site for 13 years and is adding new digital printing gear, presses and energy-saving lighting.
Prudential Securities, part of Newark, N.J.-based Prudential Financial Inc., leased 28,000 square feet on the top two floors at 620 Newport Center Drive in Newport Beach. Terms weren’t disclosed, though the lease is described as “long-term” and could be valued at about $10 million. Serge Vishmid, Steve Sanders and Bruce Kaufer of Grubb & Ellis Co. represented Prudential. Craig Brashier and Mike Stanley of landlord The Irvine Company handled the deal on their end.
