CYPRESS, CA-Daiwa Corp. has leased a 61,433-square-foot industrial building at 11137 Warland Dr. in the master planned Warland Cypress Business Park for relocation of its corporate headquarters from Cerritos, according to brokers from the Klabin Co. who represented the building ownership. Daiwa, one of the world’s largest fishing tackle and related product companies, plans to occupy its new headquarters in August and will employ 65 workers at the site.

The building owner, Warland Drive One B LLC, was represented in the seven-year lease by David Prior, Murray Smith and Todd Taugner of the Torrance office of Klabin/CORFAC. Daiwa was represented by Rick Hertel, president of Corporate Real Estate Services of Irvine, in the $2.4 million lease.

Daiwa Corp. is the US distribution and customer support subsidiary of the Tokyo-based fishing tackle and sportswear maker, Daiwa Seiko. The company’s products include rods, reels, lines, and lures. The company also makes and sells such goods as cases, clothing, equipment racks, luggage, and other accessories. It distributes its tackle through boating and sporting goods retailers in the US, Canada, and Central and South America.

The Daiwa deal was one of a number of industrial transactions to close lately in Orange County, among them Total Environmental Management's purchase of a 24,447-square-foot industrial building at 1415 N. Burton Place in Anaheim from Lloyd Wells for $3.9 million. Steve Sprenger and Scott Sanders of the Grubb & Ellis Newport Beach office represented the seller, with Brett Blazicek of C & I Real Estate Consulting represented the buyer.

In Lake Forest, 26801 VT Investment LLC bought a 26,675-square-foot industrial building at 26801 Vista Terrace from CR Silver Portfolio Holdings LP for $3.1 million. Nick Carey, Wade Tift and Byron Foss of Grubb & Ellis in Newport Beach represented the seller, with Ryan Swanson and Skyler Serrano of Lee & Associates, in conjunction with Sam Rizk of Realty One Group Inc., representing the buyer.

In Irvine, TFS Global Industries Inc. acquired a 19,777-square-foot industrial building at 6 Chrysler from James C. and Margaret L. Dyer for $2.3 million. Tift, Carey, Foss and Tom West of Grubb & Ellis in Newport Beach represented the seller, with Todd Martens of Cushman & Wakefield representing the buyer.

In Lake Forest, Daniel T. Adams and Huei S. Hu bought a 9,984-square-foot industrial building at 26882 Vista Ter from the Center for Bio-Ethical Reform for $1.3 million. Doug Mathews of the Newport Beach office of Grubb & Ellis represented the buyer, with Dennis Asbury of Asbury Brokerage Services representing the seller.