The parcel is on Dyer Road, adjacent to the Costa Mesa Freeway.The new park will have 12 for-sale buildings ranging from 6,700 to11,000 sf each. Acquisition and construction costs combined willtotal about $11.3 million, according to Mark Macedo, HanoverFinancial managing director.
The project is in Orange County's red-hot Airport Area market."We think this development is going to do very well because it'sthe first project that will have small industrial buildings on afor-sale basis to be built near John Wayne Airport in more than adecade," Macedo says.
The Irvine office of Colliers Seeley represented theHanover-Werdin partnership, known as HW-Dyer LLC, in theacquisition and will also handle the new project's marketingduties.
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