In the first deal, Jay Mast, a principal broker at Lee &Associates' Irvine Spectrum office represented Venus Textiles in an11-year, build-to-suit lease of a 110,000-sf industrial building,located at 25861 Wright St. in Foothill Ranch. The deal is valuedat $8.5 million.
Producers and distributors of linens, towels, and uniforms movedthis month from Huntington Beach to the new, larger building. GreggHaly of CB Richard Ellis' Newport Beach office represented thelessor, Burke/Foothill Ranch. Co.
The second transaction was the sale of a 10,030-sf officebuilding to Freight Management Inc., a worldwide freight company,for more than $1 million. The firm will move into the larger of thetwo suites in the building, located at 2900 E. La Palma in Anaheim.The remaining 2,095 sf suite will be leased out.
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