Sales and leases of offices, industrial buildings, retail space and apartments
SALE
Label-Aire Inc., a maker of equipment for applying labels to consumer and other products, renewed a lease for its headquarters at 550 Burning Tree Road in Fullerton. Label-Aire has operated out of the 60,000-square-foot building for its entire 20-year history. The renewed lease is for 10 years and is valued at $4 million. The lease includes provisions that allow the company to change the building as it grows. Label-Aire is part of Lakewood-based Impaxx Inc., which itself is owned by Los Angeles-based private equity firm Aurora Capital Group. Barry Saywitz of Saywitz Co. represented Label-Aire. Landlord RREEF Funds LLC represented itself.
SALE
2433 to 2451 E. Orangethorpe Ave., Fullerton
Price: $1.6 million
Building: retail
Square feet: 14,000
Price per square foot: $116
Buyer: S&C Commercial LLC
Seller: Moorpark Associates, LLC
Brokers: David and Ken Chasin of Pegasus Investments
LEASE
237 N. Euclid Way, Anaheim
Space: 3,500 square feet
Building: industrial
Terms: five years; $147,000
Tenant: undisclosed
Landlord: Donlan Investments
Brokers: Patrick Sharples of First Team Commercial
LEASE
1360 Reynolds Ave., Irvine
Space: 14,000 square feet
Building: industrial
Terms: three years; value undisclosed
Tenant: Street Surfing LLC
Landlord: Metro Creekside California, LLC
Brokers: Jeff Gahagan of Lee & Associates
SALE
17222 to 17242 Gothard St., Huntington Beach
Price: $3.25 million
Building: industrial
Square feet: 25,000
Price per square foot: $130
Buyer: George A. Boukather Trust
Seller: Frank and Helen Merenda
Brokers: David Cox of Cox Commercial Inc.
SALE
6491 Caballero Blvd., Buena Park
Price: $3.4 million
Building: industrial
Square feet: 18,800
Price per square foot: $86
Buyer: Tawa Supermarket Inc.
Seller: Crockett Container Corp.
Brokers: Patrick Remolacio of Colliers International
SALE
23307 La Palma Ave., Yorba Linda
Price: $1.2 million
Building: industrial
Square feet: 10,185
Price per square foot: $113
Buyer: PKJ Construction Inc.
Seller: undisclosed
Brokers: Johnny Eubanks and Scott Seal of Lee & Associates
