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REAL ESTATE DEALS – Feb. 11, 2013

Sales and leases of offices, industrial buildings, retail space and apartments


SALE

Blurock Investments LLC recently sold an office building in Irvine for $3.6 million to Bernards Builders & Management Services.

The 23,021-square-foot space is at 2569 McCabe Way.

Bernards Builders & Management Services will occupy the first floor and lease the second floor, according to data service provider CoStar Group Inc.

Brokers involved in the deal included Bridge Commercial Properties’ Scott Johnstone, as well as Curt Stalder and Scott Bellizzi of Lee & Associates Commercial Real Estate Services Inc.

Johnstone represented the buyer while Stalder and Bellizzi represented the seller.


SALE

1881 Kettering St., Irvine

Price: $3.3 million

Building: industrial

Square feet: 23,600

Price per square foot: $140

Buyer: undisclosed

Seller: Richard Diess

Broker(s): Greg Velastegui of Voit Real Estate Services Inc.; Mike Barreiro, Gavin Denniston of Daum Commercial Real Estate


LEASE

1615 E. 17th St., Santa Ana

Space: 3,544 square feet

Building: office

Terms: undisclosed

Tenant: Phoenix House

Landlord: Orangewood Children’s Foundation

Broker(s): Travis Dunn, Richard Bell of Vanguard Commercial


LEASE

571 N. Poplar St., Orange

Space: 1,789 square feet

Building: office

Terms: two years; cost undisclosed

Tenant: CED Solutions

Landlord: Orangewood Business Plaza

Broker(s): Phil Fridd of Lee & Associates; Neil Mullarky of Daum Commercial


SALE

3845 E. Coronado St., Anaheim

Price: $9.75 million

Building: industrial

Square feet: 123,625

Price per square foot: $79

Buyer: Kanasardas Investment LLC

Seller: Ismos Investments Co.

Broker(s): Frank Adler, Jeff Hirsch, Jim deRiegt, Ted Sawyer of Lee & Associates


LEASE

11210 Talbert Ave., Fountain Valley

Space: 16,864 square feet

Building: industrial

Terms: five years; $1.3 million

Tenant: Furniture & Mattress Outlet

Landlord: DDK Investments Ltd.

Broker(s): Greg Velastegui of Voit Real Estate Services


LEASE

660 Newport Center Drive,

Newport Beach

Space: 6,383 square feet

Building: office

Terms: five years; $1.2 million

Tenant: Winthrop Couchot Professional Corp.

Landlord: Irvine Company

Broker(s): Ralph Simmonds of Simmonds Realty Group Inc.

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