REAL ESTATE DEALS
Compiled by Helen Afrasiabi
SALES
4281 Katella LLC paid $11 million to Carr America Realty Corp. for the 80,600-square-foot Katella Corporate Center at 4281 Katella Ave. in Los Alamitos. Nick Brighton of Velocity Investment Sales Inc. represented CarrAmerica. The buyer represented itself.
Bondurant Living Trust paid $7.5 million to Aries & Pisces LLC for the 27,827-square-foot Western Country Plaza shopping center at 27001 Moulton Parkway in Laguna Hills. Reza Etedali of Sperry Van Ness represented the seller. Marcus & Millichap Real Estate Investment Brokerage Co. represented Bondurant.
911 Walnut LLC paid $2.7 million to Crouse Properties of Palos Verdes for the 22-unit Colonial Manor Apartments at 911 N. Walnut St. in La Habra. Ken Morgan and Jay Skenderian of Morgan Skenderian Investment Real Estate Group represented both parties.
Woodland Hills-based Old Brussels LLC paid $1.7 million to Simba Ltd. for a 5,700-square-foot mixed-use complex at 2007 S. Coast Highway in Laguna Beach. Tom McBride of Sperry Van Ness represented the buyer. The Tranzon Co. represented Simba.
LEASES
Terumo Cardiovascular Systems Corp., a maker of syringes, needles, catheters and blood bags that’s part of Japan’s Terumo Corp., renewed its lease for 69,763 square feet of flex-tech space at 1311 Valencia Ave. in Tustin. Terms weren’t disclosed. Jonti Bacharach of The Staubach Co. represented Terumo. Dave Desper and Chip Wright of CB Richard Ellis represented landlord Catellus Development Corp.
Newport Beach-based homebuilder Fieldstone Communities Inc. leased 27,384 square feet of additional office space at 2 Ada in the Irvine Spectrum. Terms weren’t disclosed. Chip Wright of CB Richard Ellis represented Fieldstone. Landlord The Irvine Company represented itself.
Sun Peak Construction leased 3,770 square feet of office space at 1401 Quail St. in Newport Beach. Terms weren’t disclosed. Chip Wright, Rich Pincott and Linda Barden of CB Richard Ellis represented Sun Peak and landlord Newport Place Investment Co.
OTHER
CIP Real Estate refinanced its Irvine headquarters building at 19762 MacArthur Blvd. in Irvine in a deal valued at $5 million. The financing, done through Newport Beach-based Buchanan Street Partners, is for five years at a fixed rate and is for interest only in the first year. CIP, a real estate investment firm, bought the building in 2002 and has renovated it since then.
The Developer of Enterprise Business Park, a planned 81,485-square-foot business park in Lake Forest, secured $3.5 million in financing for the project from Pacific Coast Capital Partners LLC of El Segundo. Pacific Coast also financed $5.5 million for the planned PRES Corporate Center in Santa Ana, where plans call for 301,662 square feet of light industrial and corporate headquarters space. Buchanan Street Partners is providing $13.6 million in construction financing for the PRES Corporate Center.
