Compiled by Purnima Mudnal
Essex Property Management paid $10.1 million to Commercial Ventures Inc. for a 56,711-square-foot office building, part of the Waters at Creekside project, at 2900 Bristol St. in Costa Mesa. Jeff Hanson, Ryan Gallagher, Bob Davis and Greg Puccinelli of Grubb & Ellis Co. represented both parties.
Vitamin maker Blue California paid $2.9 million to T & C; Development Inc. for a 24,145-square-foot industrial building at 23161 Antonio Parkway in Rancho Santa Margarita’s Brookhollow Business Park. The company is buying space to expand. Mark Jerue and Craig Fitter of Lee & Associates Commercial Real Estate Services Inc. represented the buyer. CB Richard Ellis Group Inc. represented the seller.
Kensington Real Estate Group paid $2.8 million to an undisclosed seller for the 22,000-square-foot Cypress Plaza at 5721 to 5735 Lincoln Ave. in Cypress. The retail and office center is 99% full. CB Richard Ellis Private Client Group represented both parties.
Traci Kemnitz paid $2.7 million to D & LR; Corp. for a 12-unit apartment complex at 2727 to 2731 Calle Del Comercio in San Clemente. Gary Ceaser of First Team San Clemente Real Estate Co. represented the buyer. Rick Applebaum of Morgan Skendarian Investment Real Estate Group represented the seller.
Wilbur W. Lorbeer paid $2.4 million to Ed Meserve and Mel Lamph for a 4,200-square-foot retail building at 210 Marine Ave. on Balboa Island in Newport Beach. The building is full. Ken Johnson of Lee & Associates represented both parties.
Franklin Real Estate Holdings LLC paid $2 million to Petersen Dean Roofing Systems Inc. for a 12,384-square-foot building at 2191 S. Dupont Drive in Anaheim. Nick Roussos of Ashwill Associates Inc. represented both parties.
Tangthongtawi/Horne paid $1.6 million to Seidman Trust for an 11,318-square-foot industrial building at 11622 Markon Drive in Garden Grove. Ray Walls of Safeguard Properties Inc. represented the buyer. Bob Goodmanson of CB Richard Ellis represented the seller.
Kwon’s Magnolia Plaza paid $1.5 million to Encino Valley Shopping Center for a 10,696-square-foot office building at 1151 Magnolia Ave. in Anaheim. Jim Hawkins of Lee & Associates and Euiwon Chough of Capital Industries Properties Inc. represented the buyer. Jonmark Fabiano and Chris Latta of Lee & Associates represented the seller.
Ponton Industries Inc. paid $1.4 million to SB 2001 LP for a 6,660 square-foot industrial building at 22901 Savi Ranch Parkway in Yorba Linda. The company plans to move from Anaheim. Ashwill Associates represented the buyer. Paul Gingrich and Chris Migliori of GVA Daum represented the seller.
P.O. Getr LLC paid $450,000 to Tom and Mary Stangl for a 2,422-square-foot industrial condominium at 578 S. State College Blvd. in Fullerton. J. R. Wildermuth of Associated Commercial Brokers Co. represented the buyer. Paul Fisher of NAI Capital Commercial Real Estate Services represented the sellers.
Software company Alteer Corp. renewed its lease for 16,357 square feet of space at 4 Venture in Irvine. The value of the five-year lease wasn’t disclosed. Royce Sharf and Scott Granger of Studley Inc. represented the tenant. Max Morris of landlord SunCoast Properties Inc. represented his company.
Habitat for Humanity of Orange County leased 13,100 square feet of office space at 2200 S. Ritchey St. in Santa Ana. The value of the five-year lease wasn’t disclosed. Dennis De Meis of Southwest Commercial represented both parties.
