X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

IRVINE, CA-Two private individuals have acquired an industrial building here and an owner-user company has purchased an R&D facility in Corona in two separate deals totaling nearly $3.5 million, according to CB Richard Ellis.

In the Irvine transaction, the two local private investors have purchased a 21,320-sf industrial building at 17352 Murphy Ave. from Corinthian Investors I for $2.5 million. Barry Knudson, Chip Wright and Gregg Haly of the Newport Beach office of CB Richard Ellis acted on behalf of the seller, with Sean Ahern and Troy Wooton of the Newport Beach office of Lee & Associates representing the buyers.

In the Corona transaction, the buyer was Process Equipment Co., which acquired a 9,659-sf R&D building at 1751 Jenks Drive from a local private owner. Charles Stos and Tom Abel of the Anaheim office of CB Richard Ellis spoke on behalf of the buyer, with the seller represented by Kevin Chapin of the Ontario office of NAI Capital Commercial. The CBRE brokers say that Process Equipment will be moving to the new building from existing facilities in Anaheim.

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. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

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

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