Ted Carpenter and Michael Carpenter of Carpenter &Associates, Newport Beach, represented both the Dana Point-basedbuyer and the seller, the Hamilton Co. of Newport Beach. Thetwo-story building, at 2540 Red Hill Ave., is occupied by FidelityNational Title Co. on a long-term lease.
"Well-located office buildings with long-term leases aredifficult to find in Orange County," Ted Carpenter says, addingthat the shutdown of the nearby Tustin Air Base could trigger aboom in both commercial and residential development in thearea.
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