Larwin Expands Industrial Holdings

The 13-year-old building that Larwin bought is fully leased to Swefco Packaging and Wal-Mart Stores East LLP, reports Eric Burney of GVA Daum's Ontario office, who represented Larwin. Paul Earnhart and Marc DiGennaro of Lee & Associates represented the seller, Lynns Alliance Corp. Principal Financial Group provided financing. Larwin Investment Co. is a subsidiary of the major home builder Larwin Co. It owns and manages approximately 1 million sf of industrial assets in Southern California.

In an Anaheim transaction, principals of Imperial Sprinkler Supply Inc., a major supplier of landscape and irrigation materials to the residential and commercial construction industries, acquired a 51,000-sf industrial facility on a three-acre site at 1485 Manassero St. near the intersections of the 91, 57 and 55 freeways, for slightly more than $5 million. Imperial Sprinkler is moving its headquarters to the building from Placentia, reports Chris Migliori of the Anaheim office of GVA Daum, who says the buyer will employ approximately 70 workers at the site. Migliori represented Imperial Sprinklers, with Keith Wilson of Colliers Seeley International representing the seller, Amano Cincinnati Inc. The new Imperial Sprinklers headquarters is a concrete tilt-up structure featuring 5,000 sf of office space, dock high loading, and 20-feet of minimum interior clearance.

In an Ontario transaction, a Santa Fe Springs-based heavy equipment company called Nixon-Egli Equipment Co. plans to relocate its headquarters to a 4.6-acre property including 45,600 sf of industrial buildings that it bought for $4.2 million from Hallkraft Container Corp., according to George Fitzpatrick of the Inland Empire office of GVA Daum. Fitzpatrick reports that Hallkraft has sold adjacent properties just north of the 60 Freeway at 2044 and 2060 S. Vineyard Ave. to Nixon-Egli. Fitzpatrick represented Hallkraft Container, which is based in San Mateo. Steve Shatafian and Clif Fincher of Lee & Associates represented the buyers. Nixon-Egli's new headquarters features concrete block and concrete tilt-up structures, 2,500 sf of office space and considerable excess land for expansion.

In a Costa Mesa deal, principals of Capture 3D paid $186 per sf, one of the highest prices per sf ever recorded for a comparable property in the market, for a 7,178 sf R&D flex building at 3505 Cadillac Ave. John Rothwell of the Newport Beach office of GVA Daum reports that the Capture 3D principals, doing business as GWT Investments, paid $1.3 million for the highly improved building. Rothwell represented the seller, RLM Investments LLC of Costa Mesa, with Jeff Williams of Voit Commercial representing the buyers. Capture 3D, which is engaged in industrial 3D measurement solutions for reverse engineering and inspection, will utilize the high tech space for relocation and expansion within Costa Mesa. Rothwell notes that this is the third time he's sold the Cambridge Park building, the first time for $78.50 per sf in 1997.