Sale
Meredith Enterprises sold the Garden Grove Festival Square in Garden Grove for $11.9 million to TN Investments Properties LLC.
The 35,515-square-foot retail shopping center is at 10120 Garden Grove Blvd. and 13011 Brookhurst St.
The strip center was 72% occupied at the time of sale, according to data service provider CoStar Group Inc.
Brokers involved in the deal included CBRE Group Inc.’s Phil Voorhees, Brad Rable, Megan Read, Matt Burson, Jimmy Slusher and John Read, as well as Ron Duong of Marcus & Millichap Real Estate Investment Services.
Voorhees, Rable, Read, Burson, Slusher and Read represented the seller. Duong represented the buyer.
Sale
22633 Oakcrest Circle, Yorba Linda
Price: $1.8 million
Building: retail restaurant
Square feet: 9,200
Price per square foot: $195.65
Buyer: Jared Merrell
Seller: Darden Restaurants Inc.
Broker(s): Jim Auther of Coldwell Banker Commercial Alliance
Sale
2910 W. Garry Ave., Santa Ana
Price: $3.7 million
Building: industrial
Square feet: 25,400
Price per square foot: $143.70
Buyer: Garry Ave. LLC
Seller: Crescent Properties LLC
Broker(s): Steve Schloemer, Lee McCullough of Colliers International; David Kluver of Newmark Grubb Knight Frank
Lease
3740 Prospect Ave., Yorba Linda
Space: 14,010 square feet
Building: industrial
Terms: length undisclosed; $596,820
Tenant: undisclosed
Landlord: Cashman Family
Ltd. Partnership
Broker(s): Brian Chastain, Lee McCullough of Colliers International; Mitch Zehner, Seth Davenport of Voit Real Estate Services
Lease
1814 N. Neville St., Orange
Space: 16,320 square feet
Building: industrial
Terms: five years; $636,154
Tenant: KMAC Construction Inc.
Landlord: Costanzo LLC
Broker(s): Mike Vernick of Voit Real
Estate Services; Dennis De Meis, Jordan De Meis of Southwest Commercial
Lease
23501 Commerce Center Drive,
Laguna Hills
Space: 6,775 square feet
Building: industrial
Terms: five years; $319,315
Tenant: Pacific German
Landlord: PS Business Parks LP
Broker(s): Jordan De Meis of Southwest Commercial
Sale
1901 Nancita Circle, Placentia
Price: $2.1 million
Building: warehouse
Square feet: 14,124
Price per square foot: $151.52
Buyer: Rygi Properties LLC
Seller: 1901 Nancita LLC
Broker(s): Sean Ward, Ben Seybold, Keith Greer of CBRE Group Inc.
