X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEWPORT BEACH, CA—Joint venture partners CT Realty Corp. and Howard & Howard Inc., both based here, have sold a fully leased manufacturing facility in Irwindale to a private Orange County trust for $5.4 million.

The complex, at 15715 E. Arrow Highway in Irwindale, has 74,500 sf of office and high-tech manufacturing space on a 4.92-acre site. Cordis Webster, a unit of Johnson & Johnson Inc., signed a long-term lease for the entire complex earlier this year.

Cordis Webster is one of the world’s largest makers of heart catheters. It only recently began moving into the development.

The City of Industry office of CB Richard Ellis office and Torrance office of Industrial Realty Group represented the sellers. The Newport Beach office of attorneys O’Melveny & Myers represented the buyer, the Louis Mickel Trust.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.