SALE
Newport Beach-based Tarsadia Hotels sold the Courtyard by Marriott Anaheim Hotel, at 2045 S. Harbor Blvd. next to the Anaheim Convention Center and Disneyland Resort, for $25 million, or $163,399 per room. Maryland’s Chesapeake Lodging Trust bought the 153-room, four-story hotel. Tarsadia, which owns eight hotels in Anaheim, San Diego and Northern California, is set to continue managing the hotel for Chesapeake Lodging. The deal is part of a two-hotel sale by Tarsadia that also included the 188-room Hilton Checkers in Downtown Los Angeles, which sold for $46 million. Tarsadia is expected to put the proceeds of the sales toward buying other hotels. Jordan Richman of Grubb & Ellis Co. with Felix Cacciato of Hotel Equity Advisers represented Tarsadia and Chesapeake Lodging.
SALE
525 Muller St., Anaheim
Price: $6.5 million
Building: office
Square feet: 39,747
Price per square foot: $163
Buyer: CIT College of InfoMedical Technology
Seller: Anaheim Union High School District
Brokers: Erik Thompson of Lee & Associates
SALE
10653 Progress Way, Cypress
Price: $1.4 million
Building: industrial
Square feet: 9,566
Price per square foot: $148
Buyer: 10653 Progress Way Cypress LLC
Seller: Armstrong Family Trust
Brokers: Andrew Bermudez of Lee & Associates; Ryan Peterson of CB Richard Ellis Group Inc.
SALE
13831 Newhope St., Garden Grove
Price: $1.2 million
Building: industrial
Square feet: 5,000
Price per square foot: $240
Buyer: Exbon Development
Seller: JSS Construction
Brokers: Mike Bouma of Voit Real Estate Services; Johnny Eubanks and Jeff Stephens of Lee & Associates
LEASE
500 City Parkway, Ste. 410, Orange
Space: 8,935 square feet
Building: office
Terms: six years, value undisclosed
Tenant: Digital Resources
Landlord: Abbey Co.
Brokers: George Thomson and Marshal Vogt of Lee & Associates; Peter Wells and Mark Friend of CB Richard Ellis Group
LEASE
32022 Plaza Drive, San Juan Capistrano
Space: 6,500 square feet
Building: retail
Terms: five years, $800,000
Tenant: Pet Plus
Landlord: Rancho Seaside
Brokers: Roger Niez of NAI Capital Inc.
LEASE
1855 W. Katella Ave., Orange
Space: 2,884 square feet
Building: office
Terms: three years; value undisclosed
Tenant: Delante Systems
Landlord: Cirsea Ltd. LLC
Brokers: Phil Fridd, Jon Fabiano and Matt Durkin of Lee & Associates
