Cabinet Parts Distributor Leases 115,000-SF HQ

Louis and Co. was represented by CBRE senior vice president Ben Seybold of the Los Angeles-based company's Anaheim office, senior vice president Mark Latimer of its Santa Fe Springs office and senior associate Sean Ward of the Anaheim office. Approximately 20,000 square feet of the 895 Columbia building is office space, while the remainder of the building is warehouse and distribution space.

Seybold comments on the deal: "With their lease set to expire, the tenant definitely considered all their options, looking at many buildings as part of this process, some of which were located outside of Orange County." Seybold says that, since the building has been the Louis and Co. headquarters for so many years, the company felt "a strong desire to remain in Orange County" and the landlord was motivated to keep the company in the building.

According to Lee & Associates, which represented building owner Louis Investment Co., the five-year lease is valued at $3.4 million. The Lee broker on the deal was Doug Himes of the company's Anaheim office.

The Louis and Co. renewal was one of three industrial and office deals to close lately in Orange County, including a 24,480-square-foot industrial lease at 145 W. Santa Ana St. in Anaheim and a 2,600-square-foot office lease at the Orange Financial Center in Orange.

In the Anaheim deal, Grubb & Ellis Co. reports that ceramic tile distributor EmilAmerica Inc. has leased the space to serve as its Southern California distribution center in a relocation from Fullerton. EmilAmerica, which is scheduled to move into the Anaheim building in December, was represented by Grubb & Ellis vice president Greg Osborne and associate Brian Chastain in the company's City of Orange office. The property is owned by Holister Partners LLC, which was represented by EVP Chris Migliori of the Newport Beach office of Daum Commercial Real Estate Services.

In the Orange Financial Center deal, logistics provider Swisslog signed a three-year lease at 701 S. Parker St. in the 312,000-square-foot office complex, which is owned and managed by Anaheim-based Milan Capital Management. Terms of the deal were not disclosed. The lease represents an expansion and relocation for Swisslog, which is moving from 1,200 square feet in Tustin.

Swisslog was represented by David LaFosse of the Irvine office of Lee & Associates. Milan Capital was represented by Rick Warner and Lily Nguyen of the Anaheim office of CB Richard Ellis. The Orange Financial Center was built in 1985 and consists of three buildings, two of three stories each and one of eight stories, which are 92% leased. Swisslog's space will be on the sixth floor of the eight-story building. Terms of its lease were undisclosed. The asking rate for space at the Orange Financial Center is $1.95 per square foot per month.