IRVINE, CA—Sigma Trident LLC plans to develop a state-of-the-art R&D/manufacturing facility on four acres at the northwest corner of Deere Avenue and Aston, one of the last remaining developable parcels in Orange County's Airport Submarket.
JLL said today that it represented Sigma Trident in the acquisition of the highly-coveted parcel in Irvine.
Sigma Trident, LLC is an entity of Sivax North America Inc., a Japanese firm who is a world leader in the design, manufacturing and sale of bodies for automobiles and industrial modeling. The buyer will work with Newport Beach construction firm, Westwing Corporation, to develop the property.
JLL's Matt Christensen, Luke McDaniel and Cameron Driscoll represented the buyer. Newmark Grubb Knight Frank represented the seller, PSIP WR Red Hill, LLC (Western Realco).
"The buyer sought a highly specialized building in an A+ location." said Christensen. "Constructing a building for their specialized needs proved to be the best alternative. The Orange County industrial market has very limited inventory coupled with the older nature of existing buildings, few existing properties could accommodate today's high-end design and manufacturing needs.”
© 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.