Buyers, Tenants Take 287,000 SF of Industrial

Independent Trading will occupy 54% of the property, the rest of which is occupied by Advanced Renewable Energy, according to Driscoll, who represented landlord Greenlaw Partners along with Luke McDaniel and Rob Socci, also of Voit's Anaheim Metro office. The Voit team "advised our client to accept a shorter term, aggressive offer," to secure the tenant Driscoll says. "We learned later that, had our client not accepted this offer, the tenant would have focused on an alternative building," the Voit SVP adds. The tenant was represented by Casey Mungo of DAUM Commercial Real Estate Services.

In the next largest of the leases, electronics maker Venture Design Services Inc. signed a six-year, $2.1 million lease renewal on a 63,532-square-foot property at 1051 S. East St. Landlord GRE Anaheim Tech Center LP was represented by Mitch Zehner of Voit's Anaheim Metro office. The tenant, a contract electronics maker that is a subsidiary of Singapore's Venture Corp., was represented by Leland Bruce and Mitch Lundquist of Jones Lang LaSalle.

In a deal in La Mirada, a supplier of food and coffee for vending machines named Vend Catering Supply signed a seven-year, $1.6 million lease on a 50,494 square-foot property at 14455 Industry Circle. Vend Catering is relocating its headquarters to the building, according to SVP Luke McDaniel of the Voit Anaheim Metro office, who represented Vend Catering along with Driscoll. The tenant was "was looking to acquire an alternative property, but Voit demonstrated the savings available by leasing this property and negotiated a contract that significantly lowered their occupancy costs," McDaniel says. The landlord, Rreef, was represented by Chris Sheehan of Colliers International.

In the largest of the recent transactions, in terms of dollar value, the Ducoing Family Trust bought a 26,400-square-foot building at 1251 N. Jefferson Ave. in Anaheim for more than $4 million, with the buyer represented by Chris Migliori of the Newport Beach office of DAUM Commercial Real Estate and the seller represented by Rob Socci of the Anaheim Metro office of Voit Real Estate Services.

In the other sale, an individual buyer acquired a 29,800-square-foot building at 671 N. Poplar St. in the City of Orange from Gallegos Bros. II for more than $2.8 million. The buyer was represented by Migliori and the seller by Lee & Associates.

The sixth deal was a $1 million, 76-month lease by Orange County Printing Co., a printing and graphics company, for an 18,000-square-foot property at 2485 Da Vinci in Irvine, close to John Wayne Airport. Landlord WCV Commercial Properties was represented by Mitch Zehner of Voit's Anaheim Metro office and the tenant was represented by Wade Tift of Grubb & Ellis Co.

In addition to the six recently closed industrial deals, Voit reported that Howard Building LLC acquired a 20,525-square-foot office/lab property at 10700 Walker St. in Cypress from private investor Raymond Elsey for $3.2 million. The seller was represented by Brian Williams of Voit's Anaheim Metro office and the buyer by Vince Kagawan of Pinnacle Real Estate.