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SANTA ANA-The fully leased Essex Corporate Center has been sold in a deal valued at approximately $11 million. Located in Santa Ana, the research and development facility encompasses 94,988 sf.

The two-tenant building stands on a 6.5-acre site at 1900 Carnegie. The seller, Essex Realty Management, had acquired the undeveloped parcel several years ago from Draper’s & Damon’s, an upscale women’s clothing distributor. During escrow, Essex secured Horizon Medical, a leading medical device and pharmaceutical contract manufacturer, as a tenant. Horizon took 60,000-sf in the Essex Corporate Center and after construction was completed, a provider of high security access control solutions signed a lease for the remaining space. That second tenant, Hirsch Electronics, brought the occupancy level up to 100%.

CB Richard Ellis brokers from the firm’s Newport Beach office represented both the seller, Essex Realty Management, and an unnamed private trade buyer in the sale of Essex Corporate Center. The brokers were Chip Wright, Dave Desper and Jerry Nourse.

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