3 buildings in northern Orange County sold for $ 20 million – Orange County Register

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Three industrial buildings in northern Orange County were sold for nearly $ 20 million, according to CBRE.

At Orange, Steuber Corp. purchased a 15,913 square foot single-family detached building at 500 Blueridge Ave. for 4.84 million dollars. CBRE represented the seller, Blueridge Business Group LLC.

In Anaheim, TA Realty LLC bought a 38,534 square foot single-family detached building at 1375 N. Miller Street for $ 9.08 million. CBRE represented the buyer and seller, William Griffith Trust, in an off-market transaction.

At Orange, Steuber Corp. purchased a 15,913 square foot single-family detached building at 500 Blueridge Ave. for 4.84 million dollars. CBRE represented the seller, Blueridge Business Group LLC. (Courtesy of CBRE)

Finally, in Fullerton, Goodman North America purchased a 24,600 square foot building at 1221-1223 State College Blvd. for $ 5.21 million. The house has nine tenants. The CBRE team represented the buyer and seller – State College LLC. Some may remember that Goodman bought the former Kimberly-Clark Fullerton campus in 2019. with plans to rebuild a 65-acre manufacturing and distribution center into a modern logistics facility.

“These transactions have received a lot of attention,” said Keith Greer of CBRE. “The Fullerton deal attracted six bids in the first week, and the Orange deal also attracted five full-price bids in the first week.”

According to CBRE researchers, the county is “enjoying one of the best years for leasing and sales as demand for manufacturing space grows.”

CBRE reports that the average asking price for the sale is up 28% over last year.

According to Hanley Investment Group Real Estate Advisors, the properties secured by Michaels in Foothill Ranch Towne Center were sold for $ 4,850,000. (Courtesy of Hanley Investment Group Real Estate Advisors)

Michael’s property sells for $ 4.85 million

According to Hanley Investment Group Real Estate Advisors, the properties secured by Michaels in Foothill Ranch Towne Center were sold for $ 4,850,000.

Eric Wohl and CJ Keeler of Hanley Investment Group represented the vendor, two unidentified family foundations in Southern California and Nevada. The buyer, an unidentified investor from Orange County, was represented by Mark Jeroo and Craig Fitterer of Lee & Associates of Irvine.

“We prepared several qualified offers and attracted 1,031 buyers who knew this trade area well,” Wohl said. “Michaels has over 17 years of experience in the mall and recently implemented his second option.”

Nearby tenants include Target, Walmart Supercenter, Hobby Lobby, Ralphs, At Home, Planet Fitness, Regal Cinemas, 99 Cents Only Stores, PetSmart, CVS, In-N-Out, JOANN Fabrics and Crafts, Raising Cane’s, Chick-fil-A … , Del Taco and Dunkin.

The 25,000 square foot Michaels building was built in 1994 and is located on 2.63 acres at 26752 Portola Parkway.

Alere Property Group has acquired 8710-8750 Research Drive, a 35,475 square foot Class A industrial warehouse in Irvine. There were no conditions. Todd Martens and Trent Walker of Voit Real Estate Services represented the seller and Alere in the deal.

Alere buys in Irvine

Alere Property Group has acquired 8710-8750 Research Drive, a 35,475 square foot Class A industrial warehouse in Irvine.

The terms and name of the seller were not disclosed.

The building on the Irvine Spectrum market was completed in 2005 and is occupied technical manufacturer… Alere said the tenant is expected to continue as is.

“The acquisition of 8710-8750 Research Drive is an important addition to the diversification and long-term value of Alere’s portfolio,” said Alan Carmichael, senior vice president of investments at Alere Property Group. “Alere owns approximately 3.71 million square feet in 50 properties in Orange County. The 8710-8750 Research Drive is a first-class flexible industrial space for light industries located at A + level in Irvine Spectrum, which Ahler is confident will perform well in the coming years. ”

CRE expands to OC

Tauro Capital Advisors, a Los Angeles-based financial services firm specializing in commercial real estate, has opened its first office in Orange County.

According to Stephen Stein, managing partner of Tauro Capital Advisors, the Costa Mesa office follows Tauro’s expansion in Northern California, where it recently opened an office in Sacramento.

“Our new location in Orange County will enable us to continue serving clients and to develop and strengthen our relationship with lenders across the region,” Stein said in a statement.

Tauro found an opportunity in the emergence of so-called “ghost kitchens” that arose during the pandemic, when restaurants closed and the popularity of food delivery grew. The ghost kitchen allows the chef and staff to produce restaurant-quality food in an industrial setting.

Stein said Tauro has funded over $ 30 million for ghost kitchens in the past 5 months.

Tauro’s Orange County office will be chaired by senior directors Matt Bucaro and Anthony Johnston.

Wood Investments Cos. Costa Mesa has acquired 20 acres of land on an Ontario ranch for $ 18.49 million and plans to build a new shopping center in the burgeoning Irvine Inner Empire. The 206,072 square foot mall will be assigned to an unnamed but national grocery store, Burlington Coat Factory, Five Lower, Hobby Lobby and Planet Fitness. (Courtesy of Wood Investments Co.)

Internal purchase for Wood Investments

Wood Investments Cos. Costa Mesa has acquired 20 acres of land on an Ontario ranch for $ 18.49 million and plans to build a new shopping center in the burgeoning Irvine Inner Empire.

The 206,072 square foot mall will be assigned to an unnamed but national grocery store, Burlington Coat Factory, Five Lower, Hobby Lobby and Planet Fitness.

“We are already 70% leased and plan to announce other tenants soon, including some of the best restaurants,” said Greg Wuynow, Chief Operating Officer of Wood Investments Companies. “Retailers are recognizing the tremendous population growth in the Ontario Ranch community as planned by the master. A strong line of retail, food and service tenants will draw on a young and growing residential area along with a dynamic daytime population. ”

The ranch at Model Colony will be located at the intersection of Ontario Ranch Road and Hamner Avenue.

“This area of ​​Ontario is often referred to as the ‘Irwin of the Inner Empire,’” says Wuynow.

CBRE represented Wood Investments Cos. In sales and lease transactions. The seller was GDC RCCD 2 LP in San Diego, also represented by CBRE.

Design studio LPA in Irvine has hired life sciences veteran Isabelle Mandujano as director of laboratory planning. (Courtesy of LPA)

Industrial people

LPA design studio in Irvine has hired life sciences veteran Isabelle Mandujano as director of laboratory planning. She will support LPA’s growing life sciences work for corporate, pharmaceutical and biotech clients. Prior to joining LPA, Mandujano worked as Senior Laboratory Planner for an integrated biotechnology, pharmaceutical, food and beverage manufacturing and manufacturing firm.

Annette M. Walker, President of City of Hope Orange County, will spearhead the 10th Annual SPIRE Awards hosted by Commercial Real Estate Women Orange County. The awards program recognizes the best performing in the Orange County real estate market. (Courtesy of City of Hope and CREW OC)

Is coming

Annette M. Walker, President of the City of Hope of Orange County, will spearhead the 10th Annual SPIRE Awards hosted by Orange County Commercial Real Estate.

The awards program recognizes the best performing in the Orange County real estate market.

Suzanne Kennedy, former president of CREW Orange County and national title coordinator for the Chicago Title, will lead the awards as Master of Ceremonies.

This year’s ceremony will take place on Friday 15 October at AV Irvine. SPIRE Awards nominations are open until Friday 3 September.

Go to crewocspireawards.com for more information.

Real estate deals, leases and new projects, industry hires, new ventures and upcoming events compiled from press releases from writer Karen Levin. Email High Resolution Objects and Photos to Business Editor Samantha Gowen at sgowen@scng.com… Please allow at least a week to post. All elements are subject to editing for clarity and scope.

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