Compiled by Chris Hannigan
Costa Mesa-based Cardinal Investment Properties paid $4.9 million to Jaylee Inc. for seven industrial buildings totaling 37,320 square feet at 928, 1010 and 1024 E. Arlee Place and 874, 876, 878 and 880 S. Rose Place in Anaheim. The buildings, which sold for $131 per square foot, are near Anaheim’s Platinum Triangle redevelopment area. Scott Seal of GVA Daum represented Cardinal. Dennis Weisberg and Jack Hopkins of Marcus & Millichap Real Estate Investment Brokerage Co. represented the seller.
Newport Courtyard Apartments LLC paid $4.2 million to an undisclosed seller for the 12-unit Rutland Apartments at 1128 to 1142 Rutland Road in Newport Beach. The apartments sold for $350,000 each. Steven Brombal of Hendricks & Partners represented both parties.
Lake Forest-based Felt Bicycles, a maker of BMX and mountain bikes, paid $2.4 million to Vanderbilt Chrysler LLC for a 10,973-square-foot industrial building at 12 Chrysler in Irvine. Randy Verdieck of Lee & Associates Commercial Real Estate Services Inc. represented the buyer. Gary Allen and Doug Mathews of Grubb & Ellis Co. represented the seller.
SMT Manufacturing Inc., an Anaheim maker of circuit boards, paid $1 million to North Anaheim Associates LLC for a 5,760-square-foot industrial building at 1245 Patt St. in Anaheim. Seth Davenport of Voit Commercial Brokerage LP and Scott Seal of GVA Daum represented the buyer. Brad Gilmer and Jim deRegt of Lee & Associates represented the seller.
Santa Ana-based law firm Hart, King & Coldren renewed its lease for a 17,000-square-foot office building at 200 E. Sandpoint Ave. in Santa Ana. Financial terms of the seven-year deal weren’t disclosed. Wes Hunnicutt and Dave Willis of Cresa Partners LLC represented the firm. Barry Gail of Cushman & Wakefield Inc. represented landlord Berwind Property.
Irvine Technology leased 8,000 square feet of office space at 201 E. Sandpoint Ave. in Santa Ana. Terms of the five-year deal were not disclosed. Wes Hunnicutt and Dave Willis of Cresa Partners represented the tenant. John Cornuke of Transwestern Commercial Services represented landlord TIAA-CREF.
