O.C. Commercial Real Estate
A look at recent commercial leasing and sales activity in Orange County.
LEASES
Office
* Fireman’s Fund Insurance Co.
Business: casualty insurance
Address: Southeast corner of Walnut Avenue and Jamboree Road, Irvine
Space: 150,000 sf
Term: 10 years
Value: $22 million
Landlord: Opus Southwest Corp.
Lessee broker: Lee & Associates
Landlord broker: Lee & Associates
* Hunter Barth
Business: advertising agency
Address: 333 W. Bay St., Costa Mesa
Space: 9,800 sf
Value: $1.7 million
Lessee broker: Julien J. Studley Inc.
Landlord broker: Cushman & Wakefield
Retail
* Petco
Business: pet store
Address: 6733 Westminster Blvd., Westminster
Space: 15,000 sf
Term: 10 years
Value: $2.3 million
Landlord: Summit Commercial
Lessee broker: Pentz & Partners
Landlord broker: Grubb & Ellis
* Savin Corp.
Business: copiers
Address: 17011 Beach Blvd., Huntington Beach
Space: 11,426 sf
Term: 5 years
Value: $1.2 million
Landlord: Birtcher Properties
Lessee broker: Grubb & Ellis
Landlord broker: CB Richard Ellis
* Ruby’s Diner
Business: restaurant
Address: 428 E. 17th St., Costa Mesa
Space: 4,500 sf
Term: 15 years
Value: $1.8 million
Landlord: Leaf Family Trust
Lessee broker: West Coast Commercial
Landlord broker: Grubb & Ellis
Industrial
* TSW Alloy Wheels
Business: Distributor of alloy wheels
Address: 25954 Commercentre Drive, Lake Forest
Space: 45,000 sf
Term: 5 years
Value: $1.5 million
Landlord: Prologis
Lessee broker: Curtis and Associates
Landlord broker: CB Richard Ellis and Providence Realty
* Familian Corp.
Business: Sale and distribution of pipe and related supply products
Address: 11552 Monarch St., Garden Grove
Space: 41,400 sf
Term: 9 years
Value: $2.7 million
Landlord: Straub Distributing Co.
Lessee broker: Grubb & Ellis
Landlord broker: Lee & Associates
SALES
Industrial
* Merical Distributors
Business: Vitamin distribution company
Address: Miraloma Industrial Center, 2995 E. Miraloma Ave., Anaheim
Size: 91,000 sf
Price: $4.6 million
Seller: Pacific Gulf Properties Inc.
Buyer’s broker: Voit Commercial Brokerage, Anaheim
Seller’s broker: Voit Commercial Brokerage, Anaheim
Office
* 7 Holland Investment Co., Beverly Hills
Business: Investments
Address: 7 Holland, Irvine
Size: 83,402-square-foot building; 173,368 square feet of land
Price: $6.4 million
Seller: CPU
Buyer’s broker: Seeley Co.
Seller’s broker: Seeley Co.
If you would like to submit a commercial sales or leasing transaction for consideration, please mail it to Vicky Clepper, Los Angeles Times, Orange County, 1375 Sunflower Ave., Costa Mesa, CA 92626, or fax it to (714) 966-4562. Sales should have a minimum value of $5 million; leases at least $1 million.
