Skate, Snow Company Grabs Foothill Ranch Plant
Upscale Repair Shop Buys Two Santa Ana Buildings; Sukut Clears Air in Quail Hill
REAL ESTATE by Daniel D. Williams
The Orange County office of Los Angeles-based Charles Dunn Co. has stuck a big lease deal.
San Clemente-based skateboard and snowboard company Four Star Distribution has subleased a 108,831-square-foot Foothill Ranch warehouse. The sublease is for three years and is valued at $1.93 million.
Four Star is taking over the space from IPC Communication Services Inc., a printer and compact disc replication company that’s part of Milwaukee-based media company Journal Communications Inc.
Last year, IPC shifted printing, manufacturing and fulfillment operations from Foothill Ranch to St. Joseph, Mich. The company still does disc replication in Foothill Ranch, alongside the warehouse Four Star is moving into.
William Hugron of Charles Dunn represented Four Star, while Greg Haly of CB Richard Ellis Services Inc. and Joseph Carroll of Resource One represented Journal Communications.
Not only did Four Star take over IPC’s lease, it also signed an extra two-year lease for the warehouse at 20081 Ellipse that is set to start when the sublease ends. The additional lease is valued at $1.16 million. Hugron of Charles Dunn represented Four Star and landlord ProLogis Trust.
Four Star’s lines of skateboards and snowboards include Special Blend, Forum Snowboards, Foursquare Expedition Performance Systems, Jeenyus Snowboards, C1RCA footwear, and C1 Denim.
Luxury Auto Shop Buys Buildings
In another deal, European Motor Car Works, a high-end auto body shop for luxury automobiles, bought two buildings in Santa Ana.
European Motor Car Works paid $2.3 million for the buildings, which total 15,500 square feet at 2921 and 2923 Tech Center in Santa Ana.
The company has been in Costa Mesa for the past 25 years, but it expanding its operations to include the Santa Ana location.
“We’ve wanted to expand for years, but it’s extremely difficult to find a location suitable for our specific needs and type of business,” said Kye Weung, owner of European Motor.
Mike Bouma of Voit Commercial Brokerage represented the European Motor. Mike Hartel and Kevin Turner of the Anaheim office of Los Angeles-based Colliers Seeley International Inc. represented the seller, HW Dyer LLC.
Bits & Pieces:
In a May 27 Business Journal article about law firm Hollins Schechter & Condas signing an eight-year lease for 21,441 square feet in Xerox Centre in Santa Ana, we neglected to note that David Y. Cantwell, managing director in the Orange County office of New York City-based Julien J. Studley, Inc., represented Hollins Schecter & Condas in the $4.3 million deal Newport Beach-based shopping center developer Hopkins Real Estate Group plans to host a grand opening Thursday for the 23,000-square-foot Seco Canyon Plaza retail center in Valencia. The center is opening with 10 stores including Cingular Wireless, Facey Medical, Grand Panda, Magic Scissors, Ocean Nails, Pizza Hut, Starbucks, Summers Indoor Tanning and Village Cleaners Michael Lawrence and David Black of the Newport Beach office of Encino-based Marcus & Millichap represented Long Beach Executive Center LLC in the sale of a 35,701-square-foot building at 3447 Atlantic Ave. in Long Beach. Bill Travis of Travis Realty represented the buyer in the $5.35 million deal. The property sold to an out-of-area buyer in a 1031 exchange.
RESIDENTIAL
Santa Ana-based Sukut Construction, Inc. plans to tread a little lighter on The Irvine Company’s Village of Quail Hill development.
The construction grading company plans to spend about $10 million this year upgrading its earth movers. Sukut is adding computerized, electronic engines (more than 70 in all at $140,000 each) for use at Quail Hill. The engines are expected to cut emissions by about half.
The move is in line with how The Irvine Community Development Company, an Irvine Co. unit, is pitching Quail Hill: an urban enclave surrounded by open space.
The development, which is set to open in late summer, is set to include 1,400 houses and 1,100 apartments. Shops, parks, a school and more than 1 million square feet of office space also are planned.
On one side of Quail Hill is the Laguna Coast Wilderness Park, on the other is the Quail Hill open space preserve. The project takes its name from a rock formation that tops the adjacent 600 acres of undeveloped land.
Quail Hill is set to be divided into 13 neighborhoods, with prices ranging from the high $200,000s to more than $700,000.
