CYPRESS, CA-Daiwa Corp. has leased a 61,433-square-footindustrial building at 11137 Warland Dr. in the master plannedWarland Cypress Business Park for relocation of its corporateheadquarters from Cerritos, according to brokers from the KlabinCo. who represented the building ownership. Daiwa, one of theworld’s largest fishing tackle and related product companies, plansto occupy its new headquarters in August and will employ 65 workersat the site.

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

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

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

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In Lake Forest, 26801 VT Investment LLC bought a26,675-square-foot industrial building at 26801 Vista Terrace fromCR Silver Portfolio Holdings LP for $3.1 million. Nick Carey, WadeTift and Byron Foss of Grubb & Ellis in Newport Beachrepresented the seller, with Ryan Swanson and Skyler Serrano of Lee& Associates, in conjunction with Sam Rizk of Realty One GroupInc., representing the buyer.

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In Irvine, TFS Global Industries Inc. acquired a19,777-square-foot industrial building at 6 Chrysler from James C.and Margaret L. Dyer for $2.3 million. Tift, Carey, Foss andTom West of Grubb & Ellis in Newport Beach represented theseller, with Todd Martens of Cushman & Wakefield representingthe buyer.

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In Lake Forest, Daniel T. Adams and Huei S. Hu bought a9,984-square-foot industrial building at 26882 Vista Ter from theCenter for Bio-Ethical Reform for $1.3 million. Doug Mathews of theNewport Beach office of Grubb & Ellis represented the buyer,with Dennis Asbury of Asbury Brokerage Services representing theseller.

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