Lease
Independent Capital Management Inc. and Milender White Construction Co. each signed leases at 1401 Dove St. and 1375 Dove St. in Newport Beach.
Independent Capital signed a 3,975-square-foot lease, and Milender White signed for 3,391 square feet. Both firms are relocating from Irvine, according to real estate brokerage firm PM Realty Group.
Brokers involved in the deal included PMRG’s Oliver Fleener, and Cameran Lindee of CBRE Group Inc., as well as Scooter Dodd of S & P Commercial.
Fleener represented the landlord, Palm Springs Village-309 LLC, in both deals.
Lindee represented Independent Capital Management, and Dodd represented Milender White Construction.
Sale
3701 Birch St., Newport Beach
Price: $3.8 million
Building: medical office
Square feet: 14,185
Price per square foot: $266.13
Buyer: 3701 Birch Street LLC
Seller: Ruth Ko Living Trust
Broker(s): Paul Daftarian of KR Homes Inc.; Michael Dorsey of Coldwell Banker Commercial Alliance
Lease
1881 Von Karman Ave., Ste. 1225, Irvine
Space: 4,977 square feet
Building: office
Terms: three years; $360,000
Tenant: Newport Investment Associates LLC
Landlord: Mullrock Tower 17 Fee LLC
Broker(s): Steven Hogberg of Coreland Cos.
Sale
2882 Dow Ave., Tustin
Price: $7.8 million
Building: industrial
Square feet: 57,739
Price per square foot: $134.22
Buyer: Hardway Equity Partners LLC
Seller: Dow Street Associates
Broker(s): Jim Snyder, Matt McKinlay of Lee & Associates Commercial Real Estate Services
Sale
18401 Mount Langley St., Fountain Valley
Price: $1.8 million
Building: industrial
Square feet: 12,000
Price per square foot: $151.67
Buyer: Brenda Huie
Seller: B.K. Lee
Broker(s): Jim Snyder, Matt Durkin of Lee & Associates; Greg Velastegui of Voit Real Estate Services Inc.
Lease
2700 Saturn St., Brea
Space: 14,925 square feet
Building: industrial
Terms: three years; $350,000
Tenant: Azza USA Technology Inc.
Landlord: undisclosed
Broker(s): Mike Vernick of Voit Real Estate Services; Karl Heim of First Team Real Estate
Lease
28621 Marguerite Parkway, Mission Viejo
Space: 4,200 square feet
Building: restaurant
Terms: 10 years; cost undisclosed
Tenant: Broken Yolk Cafe
Landlord: Pacific Castle International LLC
Broker(s): Doris Bolton of Parker Commercial Brokerage Co.; Terrison Quinn of Colliers International
