Ron Feder of Lee & Associates tells GlobeSt.com that the new owner plans to rehabilitate and renovate the building and then occupy it as an owner-user. Feder represented the buyer, while Marc Renard of Cushman & Wakefield represented the seller.
The single-story, concrete tilt-up building was constructed in the 1960s, and the seller had owned it for more than 15 years. It was unoccupied at the time of the sale and still features the HomeBase name on its exterior. HomeBase was the predecessor to House2Home before it established the shortl-lived home furnishings retail chain.
House2Home Inc. filed for bankruptcy in November 2001 in the U.S. Bankruptcy Court in Santa Ana, CA, initiially filing a Chapter 11 reorganization petition and later filing for a Chapter 7 liquidation to sell its 42 House2Home home decorating superstores.
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