Boston-based TA Realty has put up for sale a pair of eight-story offices it owns in the South Coast Metro area of Santa Ana, according to area brokers.
The real estate investment management firm recently listed its Sandpointe at MacArthur Place offices, a pair of buildings that total close to 300,000 square feet. Executives from the local office of brokerage HFF LP said this month that it had the listing for the offices.
The white-stone buildings are on the southwestern edge of MacArthur Place, the mixed-use complex near the intersection of the Costa Mesa (55) and San Diego (I-405) freeways that holds the Essex Skyline apartment towers, Orange County’s tallest residential buildings, along with several office towers and other buildings.
An asking price hasn’t been disclosed. TA Realty paid nearly $77 million, or about $255 per square foot, for the buildings in 2007, according to CoStar Group Inc. records.
The 200 Sandpointe Ave. building is about 75% leased, while 201 Sandpointe Ave. is nearly full, according to brokerage data.
Universal Electronics Inc., a maker of remote control and wireless technologies for smart-home use, is the buildings’ largest tenant, according to CoStar records.
The company has its headquarters at 201 Sandpointe, where it leases 36,184 square feet in a deal that runs through late 2022, according to regulatory filings.
Universal Electronics, with a market value of about $1 billion, also has offices in Carlsbad and San Mateo, among other locations. It has numerous manufacturing facilities outside the U.S., including a trio of locations in China that total more than 2 million square feet.
Along with the TA Realty buildings, at least one other notable MacArthur Place-area office is up for sale, according to brokerage data: 3 Hutton Centre, a 10-story tower that fronts the 55 Freeway and runs close to 200,000 square feet.
Cushman & Wakefield has the listing for that property, according to CoStar, which lists the black glass-sheathed building as being in escrow.
Package Deal
It looks like 3PL Global LLC has found someone to take some of its excess warehouse space in Fullerton.
In late August, I wrote a story about 3PL, a third-party logistics services provider, moving its headquarters from Carson to Fullerton after signing one of the largest local leases of the year.
3PL leased all of 601 S. Acacia Ave., a 441,020-square-foot industrial building near the intersection of the Riverside (91) and Orange (57) freeways.
The building previously served as the corporate headquarters of Yokohama Tire Corp.’s U.S. operations, which are now in Santa Ana.
The logistics company already had a smaller location nearby in Fullerton, but opted to lease the Acacia Avenue building because of the company’s planned growth and because of the limited amount of industrial space in the region, Chief Executive Fred Capriccio said.
He said at the time that he was looking to sublease back some space at the new facility for a short-term deal. Earlier this month, brokers representing Premier Packaging and Assembly said they had signed a deal to do just that.
The packaging company, a unit of Santa Fe Springs-based Haringa Inc., is leasing a 211,200-square-foot portion of the facility as “a short-term seasonal location for processing and assembly,” according to the Orange office of Lee & Associates, whose Phillip DeRousse worked on the deal.
The short-term deal is valued at $458,304, according to Lee & Associates.
Premier Packaging has a 210,000-square-foot facility in Santa Fe Springs, in addition to locations in Modesto and Phoenix.
