O.C. Commercial Real Estate
A look at recent commercial leasing and sales activity in Orange County.
LEASES
Office
* Steadfast Properties
Business: Real estate developers
Address: 20320 Birch St., Newport Beach
Space: 12,545 sf
Term: 36 months
Value: $1.6 million
Landlord: Birch Business Center LLC
Lessee broker: Voit Commercial Brokerage, Irvine
Landlord broker: Voit Commercial Brokerage, Irvine
* Buy.Com
Business: Internet retailer and E-commerce portal site
Address: Phase II, Summit office campus, 85 Enterprise., Aliso Viejo
Space: 53,000 sf
Term: 5 years
Value: $8.25 million
Landlord: AEW/Parker LLC, a joint venture of AEW Capital Management and Parker Properties
Lessee broker: CB Richard Ellis, Newport Beach
Landlord broker: CB Richard Ellis, Newport Beach
Industrial
* PairGain Technologies
Business: Design and manufacture of digital subscriber line networking systems
Address: 14661 Franklin Ave., Tustin
Space: 41,130 sf
Term: 65 months
Value: $2.2 million
Landlord: Safeguard Business Systems
Lessee broker: Grubb & Ellis
Landlord broker: Voit Commercial Brokerage
* Toolex International
Business: Electronics/video and audio discs
Address: 2621 White Road, Irvine
Space: 44,644 sf
Term: 5 years
Value: $1.8 million
Landlord: Shur-Lok Corp.
Lessee broker: Voit Commercial Brokerage
Landlord broker: Voit Commercial Brokerage
* Loc-oter U.S.A.
Business: Distribution of specialty items
Address: 2590 Main St., Irvine
Space: 38,257 sf
Term: 5 years
Value: $1.1 million
Landlord: Shur-Lok Corp.
Lessee broker: Patrick Gillispie & Associates
Landlord broker: Voit Commercial Brokerage
* TRC
Business: Environmental engineering and remediation water service and infrastructure
Address: 21 Technology, Irvine Spectrum
Space: 41,559 sf
Term: 10 years
Value: $7.5 million
Landlord: Irvine Co.
Lessee broker: Lee & Associates Commercial Real Estate Service Inc., Irvine Spectrum office
Landlord broker: Irvine Co.
SALES
Industrial
* Flojet Corp.
Business: Pump manufacturer
Address: 10 Icon St., Foothill Ranch
Size: 100,000 sf
Price: $7.5 million
Seller: Prologis
Buyer’s broker: Voit Commercial Brokerage, Irvine
Seller’s broker: CB Richard Ellis and Providence Realty Advisors
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.
