ANAHEIM, CA-FKC Properties, a company with strong Orange Countyroots, has acquired a 78,912-quare-foot industrial and officebusiness park as it expands its portfolio in the county, accordingto brokers from Voit Real Estate Services who represented theseller of the property. The property is located at 1240 and 1250 N.Lakeview Ave., off the 91 and 55 freeways.

|

FKC, which represented itself, bought the property from ForemostAirport Las Vegas Ltd. for $9.25 million. Alan Pekarcik, DanVittone, and Nick Frasco of Voit’s Irvine office represented theseller.

|

Vittone noted that the sale closed in approximately 30 days andthat the property “is located in a high-demand submarket with lowhistorical vacancy.” This transaction is the sixth thePekarcik-Vittone investment sales team has completed in the past 60days for a total consideration of more than $52 million.

|

Voit, which now operates 10 offices after expanding into newmarkets in recent months, also recently reported the 10-year leaseof a 120,348-square-foot industrial property just over the OrangeCounty line in the Los Angeles County city of La Mirada. Asreported earlier onGlobeSt.com, chemicals distributor E.T. Horn Co.leased the property, which is at 16050 Canary Ave., from MiradaEnterprises. Luke McDaniel and Cameron Driscoll of Voit’s AnaheimMetro office and Rick McGeagh and Josh Bonwell of CB Richard Ellisrepresented Mirada Enterprises. Senior vice president Doug Wubbenain NAI Capital's Newport Beach office, who represented E.T. Horn,says that the lease represents an expansion of Horn's industrialspace as well as a 15,000-square-foot expansion of office area forthe E.T. Horn headquarters.

|

McDaniel observed that the assignment for Voit was “somewhatunique as we co-listed the property with CB Richard Ellis.”McDaniel added, “This is one of the few second-generation buildingsover 100,000 square feet to lease in the Mid-Cities all year.”

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.