According to the terms of the $5.4-million transaction, Con-Way will occupy 26,775 sf in the complex's 6301 Beach Blvd. building for the next ten years. Encompassing 154,747 sf, Buena Park Commerce Plaza is a multi-tenant office development consisting of two three-story buildings. The plaza's other facility stands at 6280 Manchester Blvd.
Landlord Birtcher Real Estate Services, which acquired the office asset last year in partnership with New York-based Praedium Funds, was represented by Paul Galbraith and Dan O'Hare of Birtcher. Con-Way was represented by the Orange County Corporate Services Team at CB Richard Ellis, led by Rick Sherburne, Alex Hayden and Travis Boyd.
Con-Way is a $2-billion transportation and services company that provides time-definite and day-definite freight delivery services and logistics for commercial and industrial businesses. Con-Way is a subsidiary of Palo Alto-based CNF Inc., a $4.9-billion firm that manages global supply chain services. The company has businesses in regional trucking, air freight, ocean freight, customs brokerage, global logistics management and trailer manufacturing.
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