Tom Dorman of CB Richard Ellis in Anaheim tells GlobeSt.com that the 57-month sublease is valued at nearly $1.2 million. CalTop is in the proce0ss of moving into its new space from a smaller building in Montebello that it owned.
Dorman and Peter Reich of CBRE's Commerce office represented CalTop. Chip Fincher and Brad Gilmer of Lee & Associates in Orange negotiated on behalf of Dayton Superior.
The new CalTop facility is a single-story, concrete tilt-up building that occupies 1 1/2 acres. Built in the late 1960s, the building is flanked by a large storage yard, which was one of the reasons the company was attracted to the property, according to Dorman.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
