New York-based Tishman Speyer Properties paid $83 million to Boston’s AEW Capital Management LP for 3 Imperial Promenade, a 246,763-square-foot office tower in Santa Ana. The building sold for $336 per square foot. Robert Smith, Michael Kane, Karen Scholte, Dean Chandler and Mark Friend of CB Richard Ellis Group Inc. represented the seller.
A Scottsdale-based investor paid $5.5 million to an unnamed seller for a retail and apartment building at 514 E. Oceanfront in Newport Beach. The building has four apartments and 4,968 square feet of retail space. Evan C. Barry and John Reinhardt of the Marcus & Millichap Real Estate Investment Brokerage Co. represented both parties.
Hung V. Ong paid $3.9 million to Pacific Coast Cardiology for an 8,969-square-foot medical building at 325 to 333 N. Newport Blvd. in Newport Beach. The building, near Hoag Memorial Hospital Presbyterian, sold for $435 per square foot with a capitalization rate of 5.1%. It’s full. Arthur Holland of Grubb & Ellis Co. represented the buyer. Kevin Quick of Lee & Associates Commercial Real Estate Services Inc. represented the seller.
Moote Pointe Properties Inc. paid $3.6 million to CTF4-Brookhollow LLC for a 20,765-square-foot building at 1528 E. Warner Ave. in Santa Ana. The building sold for $175 per square foot. Frank Adler and Jeff Hirsch of Lee & Associates represented the buyer. Bob Davis and Greg Puccinelli of Grubb & Ellis represented the seller.
A Chicago-based investor paid $2.8 million to an Oceanside-based private trust for about an acre of land that’s leased for a 9,200-square-foot shopping center, Hewes Plaza, at 4437 E. Chapman Ave. in Orange. Hewes Plaza is full with four tenants including a 7-Eleven and Auto Zone. Brian Sperry and Damon Wyler of Sperry Van Ness in Irvine represented the seller.
An unnamed buyer paid $2.4 million to an unnamed seller for a 16,250-square-foot industrial building at 1260 State College Parkway in Anaheim. The building sold for $150 per square foot. Seth Davenport, Tim Arguello and Ken Gould of Lee & Associates represented both parties.
An unnamed buyer paid $2.2 million to an unnamed seller for a 10,594-square-foot industrial building at 1751 Batavia St. in Orange. The building sold for $207 per square foot. Seth Davenport and Randy Wind of Voit Commercial Brokerage LP represented both parties.
Hofmann Investments paid $700,000 to Turner Anaheim LLC for a 3,120-square-foot industrial building at 1256 Manassero St. in Anaheim Hills. The building sold for $224 per square foot. Jack Faris of Voit Commercial Brokerage and David Williams of Lee & Associates represented the seller.
Sattin Air Conditioning and Refrigeration leased 6,845 square feet of industrial space at 1409 E. Warner Ave. in Santa Ana. The five-year deal is valued at $396,000. Chuck Hardy of Lee & Associates represented Sattin. Paul Fisher of NAI Capital represented landlord Horowitz LP.
