Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SANTA ANA – The Arbors, the last remaining building in CT Realty’s four-building $17 million portfolio, has been sold to Schmid Investments in a transaction valued at approximately $6.4 million.

The 2101 to 2103 East Fourth St. property, a recently remodeled 50,765-sf office complex that is 95 percent occupied, brought the highest price out of the four-building portfolio for CT Realty. The firm’s other three buildings, the Theme Building, the Boardwalk and the 2000 Building, all in Santa Ana, sold for $2 million and up, primarily to exchange buyers, Alan Pekarcik, with Voit Commercial Brokerage’s Irvine office, tells GlobeSt.com.

Pekarcik says the sale helped CT Realty divest of its Santa Ana holdings, a move the firm had planned since purchasing the properties in 2001.

“They bought it as a portfolio and the game plan was to stabilize the assets and sell them off individually and that’s pretty much what they did,” Pekarcik says.

The Arbors was part of a 139,000-sf portfolio that CT Realty acquired from Newport Federal two years ago.

Pekarcik and Rob Mitchell of Voit’s Anaheim Metro office, along with Dan Vittone of Voit’s Irvine office and Chris Latta of Lee & Associates represented CT Realty. Pekarcik and Mitchell also represented the firm in the acquisition of the portfolio and the sale of The Arbors building. Jim McKenzie and Carl Greenwood of Greenwood & Son represented the buyer of the Arbors property.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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 © 2020 ALM Media Properties, LLC. All Rights Reserved.