HUNTINGTON BEACH, CA—TSW Wheels, an industry leader in the development of staggered wheels for the automobile aftermarket, has sold its 62,639-square-foot headquarters building located here. The company was represented by JLL, Orange County.

ZZ Partners, LP, a leading manufacturer with over sixty products in the United States acquired the building at 14462 Astronautics Drive for more than $10 million.

JLL Orange County's SVP Steve Wagner represented TSW Wheels in the sale. ZZ Partners was represented by Mike Bouma and Paul Caputo of Voit.

“Orange County is experiencing extremely low vacancy which is driving up rental rates and for sale prices" said Wagner. “With strong demand and very little available product we were able to secure market leading pricing of $160 per square foot."

Wagner added: "Limitations on supply coupled with a continued rise in demand is putting upward pressure on rental rates and leading the Orange County market to experience the lowest vacancy rate since mid-2004.  We will continue to see demand outweighing supply as some of the existing supply is being converted to other uses like residential and there is very little new product under construction or planned county wide."

Founded by a former Formula One racing driver, TSW manufactures the largest range of one piece custom alloy staggered wheels in the world. All TSW wheels are engineered to be perfectly hub centric and are made to the tightest tolerances. Several of their wheels are manufactured using the highly advanced manufacturing technique called rotary forging.