PLACENTIA, CA-Western Mill Fabricators Inc., a 26-year-old company that manufactures restaurant fixtures and other products, will move from its former headquarters in the City of Orange to a new headquarters in an industrial building that the company has purchased here, according to Grubb & Ellis. Troy Williams of the Anaheim office of Grubb & Ellis reports that Western Mill acquired the 22,533-sf building, which is at 615 Fee Ana St., from West Coast Leasing of Placentia for $43.45 million.
Williams represented the seller, with Western Mill represented by Patrick Delaney of Lee & Associates. Western Mill is expected to occupy the single-story, concrete tilt-up building by the end of this month.
Western Mill Fabricators specializes in the construction, fabrication and installation of restaurant furniture and fixtures, playground equipment and other products. It is relocating from facilities at 583 N. Batavia St. in Orange.
The Western Mill transaction is the latest in a series of second-quarter deals that continues some of the trends that Grubb & Ellis described in its first-quarter industrial market report for Orange County. Calling the first quarter, "another outstanding performance," the quarterly market report said that the results this year in the industrial market have been marked by strong levels of activity, increasing lease rates and sales prices and low vacancy rates.
As quality industrial space has become more difficult to find, sales prices have been pushing toward $180 per sf, the quarterly study said, with small users continuing to drive the market. The majority of activity continues to be in industrial product ranging from 5,000 sf to 19,000 sf, the report said.
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