LEASE
San Antonio, Texas-based Clear Channel Communications Inc. renewed the lease of its 19,633-square-foot office building at 27071 Aliso Creek Road in Aliso Viejo. The site is home to subsidiary Lan International, which makes software to manage advertising space and revenue for radio stations. The unit’s software is used by some 1,900 radio stations across the U.S., according to Lan International. The 6.6-year lease is valued at $2.8 million. Craig DeMiranda of Lee & Associates represented Clear Channel. John Harty and Mike Coppin of Voit Real Estate Services represented landlord Arden Realty Inc.
SALE
300 N. Tustin Ave., Santa Ana
Price: $1.3 million
Building: office
Square feet: 10,550
Price per square foot: $119
Buyer: Regent Investment Holdings LLC
Seller: Binette Trust
Brokers: Paul Fisher of NAI Capital Inc.; Frank Mejia of Lee & Associates
SALE
1515 E. McFadden Ave., Santa Ana
Price: $1.2 million
Building: industrial
Square feet: 10,000
Price per square foot: $120
Buyer: Regal Technology Partners Inc.
Seller: MDC Las Palmas LLC
Brokers: Bucky Gillett of Gillett Commercial; Kirstin Emershaw of Reve Pacific
SALE
1231 N. Patt St., Anaheim
Price: $1.1 million
Building: industrial
Square feet: 7,692
Price per square foot: $140
Buyer: R. Rodriguez
Seller: BKM Development Co.
Brokers: Robert Colacion of Gateway Business Properties; James deRegt of Lee & Associates
LEASE
1833 Alton Parkway, Irvine
Space: 127,718 square feet
Building: office
Terms: five years, renewal
Tenant: JPMorgan Chase & Co.
Landlord: Legacy Partners
Brokers: Chon Kantikovit, Maury Gentile, Mike Carson of Grubb & Ellis Co.; Legacy Partners
LEASE
20412 Barents Sea Circle, Lake Forest
Space: 11,452 square feet
Building: industrial
Terms: three years; $620,000
Tenant: MVP Sports/Physical Therapy
Landlord: Spectrum Barents Sea LLC
Brokers: Jan-Erik Palm of Spectrum Commercial Inc.
LEASE
27200 La Paz Road, Mission Viejo
Space: 2,713 square feet
Building: restaurant
Terms: 10 years
Tenant: Bravo Burgers
Landlord: Gebhard Partners LP
Brokers: Doug Wombacher, John Romm of
Commercial West Brokerage
