ANAHEIM, CA-A former school building in Anaheim will continue to serve the downtown area with educational services. Softect Solutions, a computer training center, has signed a five-year lease for the 18,177-sf location and already is in the process of moving into its new facility.

Tom Taylor and Chan Kantikovit of Grubb and Ellis negotiated on behalf of the tenant, while David Giglio, Greg Farrier and Lori Smith, also with Grubb & Ellis, represented the landlord, Arden Realty, a Los Angeles-based firm.

Giglio tells that the negotiated lease, valued at $1.7 million, is consistent with the current market. “It’s a class A, high image, high-rise building with above-standard parking,” says Giglio.

The landlord’s strong ownership was a major selling point, with Arden Realty being well recognized in the area as a cooperative, financially stable firm, adds Giglio. The downtown location was a big plus as well, he says.

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