Compiled by Billy O’Hare
K & S; Properties paid $17.4 million to Black Equities Group Ltd. for a 106,732-square-foot office building at 17481 Red Hill Ave. in Irvine. The building sold for $163 per square foot. Dave Desper and Chip Wright of CB Richard Ellis Group Inc. represented the seller. Scott Read of Grubb & Ellis Co. represented the buyer.
Long Beach-based Amusement Industry Inc. paid $11.7 million to U.N.T. Atia Co. of Santa Ana for Harbor Plaza, a 41,550-square-foot shopping center at Harbor Boulevard and Edinger Avenue in Fountain Valley. The center sold for $283 per square foot. Harbor Plaza is 97% full with tenants including Sizzler, OC Auto Sound and Subway. Edward B. Hanley and Eric P. Wohl of Hanley Investment Group Real Estate Advisors represented both parties.
CVRR-250 Fischer LLC paid $4.5 million to Can-Am Communications for a 20,415-square-foot office building at 250 Fischer Ave. in Costa Mesa. The building sold for $220 per square foot. Chip Wright and Nick Spatafore of CB Richard Ellis represented the seller. Sam Olmstead of Voit Commercial Brokerage LP represented the buyer.
Huntington Beach-based I-Mar LLC paid $3.1 million to Costa Mesa’s Burke Real Estate Group for an 18,000-square-foot industrial building at 5150 Rancho Road in Huntington Beach. The building sold for $170 per square foot. Brian DeRevere and Bob Goodmanson of CB Richard Ellis represented both parties.
An undisclosed buyer paid $1.7 million to the Makarehchi Family Trust for the Durant Street Apartments, a 15-apartment building at 1417 N. Durant St. in Santa Ana. The apartments sold for $113,333 each. Pasha Darvishian and Greg Bassirpou of Marcus & Millichap Real Estate Investment Brokerage Co. represented the seller.
Mark and Lydia Allen paid $1.6 million to Calle Perfecto Parteners LP for a 5,000-square-foot industrial building at 33081-A Calle Perfecto in San Juan Capistrano. The building sold for $318 per square foot. The Allens plan to use the building as a headquarters for their faux rock business, Boulderscape Inc. Marc Ozimec of Voit Commercial Brokerage represented the seller. Justin Smith of Lee & Associates Commercial Real Estate Services Inc. represented the buyers.
Draper’s & Damon’s Inc. renewed its lease for 22,011 square feet of office space at 9 Pasteur in Irvine. The five-year lease starts this month. Chip Wright of CB Richard Ellis represented the tenant. Landlord The Irvine Company represented itself.
Rubber-Cal Inc. leased 20,000 square feet of warehouse space at 3012 Croddy Way in Santa Ana. The five-year lease starts in August. Dave Desper and Nick Spatafore of CB Richard Ellis represented the landlord, Finch/CA Properties. Troy Wooton of Lee & Associates represented the tenant.
Employment recruiter HireQuest Corp. leased 16,000 square feet of office space at 31 Columbia in Aliso Viejo. John Tran and Rick Kaplan of Cushman & Wakefield Inc. represented sublessor Clarient Inc. Andrew Bermudez and Randy Mason of Lee & Associates represented the tenant.
Irvine-based Too Faced Cosmetics Inc. leased an 11,000-square-foot industrial building at 17361 Armstrong Ave. in Irvine. The five-year lease is valued at $828,000. Chuck Hardy of Lee & Associates represented the tenant. Tom West and Wade Tift of Grubb & Ellis represented landlord Lynn T. Oettinger.
First Choice Brokerage Corp. renewed its lease of 5,682 square feet of office space at 2 Park Plaza in Irvine. The three-year lease starts in October. Dave Desper and Chip Wright of CB Richard Ellis represented the tenant. Landlord the Irvine Co. represented itself.
Please send real estate deals to deals@ocbj.com or to Orange County Business Journal, Attention: Deals, 2600 Michelson Drive, Ste. 170, Irvine, CA 92612. For sales, please list buyer and seller, sale price, square footage, building type, address and names of brokers and brokerages involved in the deal. For leases, please include tenant name, amount of square footage leased, type of space leased, value and duration of lease, address, landlord and brokers and brokerages involved in the deal.
