Sales and leases of offices, industrial buildings, retail space and apartments
SALE
Chu Family Trust recently sold an office building in Tustin for about $2.4 million to Americana Project One LLC.
The 18,120-square-foot space is at 111 Fashion Lane.
Americana Project One will move into the two-story building, using half as an urgent care facility and office while leasing out the other half of the building, according to real estate brokerage Colliers International.
Brokers involved in the deal included Chuck Wilson and Blake Garrett of Colliers International.
Wilson and Garrett represented the buyer and seller.
LEASE
2 Executive Circle, Irvine
Space: 6,000 square feet
Building: office
Terms: five years; $580,000
Tenant: LG2WB Engineers Inc.
Landlord: Irvine Company
Broker(s): Ralph Simmonds of Simmonds Realty Group Inc.
SALE
801 E. Balboa Blvd., Newport Beach
Price: $4.35 million
Building: retail
Square feet: 5,500
Price per square foot: $790.91
Buyer: 801 Balboa LLC
Seller: David and Diana Bonadonna
Broker(s): Mike Thornton of Stanfield Group; Chuck Iverson, Sharon Grimes of Coldwell Banker
LEASE
222 S. Harbor Blvd., Anaheim
Space: 7,200 square feet
Building: office
Terms: five years; $725,000
Tenant: Formula Consultants Inc.
Landlord: Arden Realty Inc.
Broker(s): Ralph Simmonds of Simmonds Realty Group
SALE
2862 Walnut Ave., Ste. D, Tustin
Price: $550,000
Building: industrial
Square feet: 3,300
Price per square foot: $166.67
Buyer: Pinehill LLC
Seller: Ophthalmic Instruments Inc.
Broker(s): Ethan Alvidrez of Curtis & Associates Inc.; Adam Wicker, Dave Smith of Lee & Associates Commercial Real Estate Services Inc.
SALE
13931 Enterprise Drive, Garden Grove
Price: $937,950
Building: industrial
Square feet: 7,215
Price per square foot: $130
Buyer: Suren and Nayana Patel
Seller: Thomas A. Caudill
Broker(s): Gavin Denniston, Mike Barreiro of Daum Commercial Real Estate Services
SALE
17500 Gillette Ave., Irvine
Price: $4.06 million
Building: industrial
Square feet: 33,400
Price per square foot: $121.50
Buyer: Quadri Family Trust   Â
Seller: Christian Schwartz
Broker(s): Tim Arguello of Lee & Associates; Greg Velastegui of Voit Real Estate Services Inc.
