Boeing Sells Spec Buildings

ANAHEIM, CA-Boeing Realty Corp. has sold two speculative industrial buildings totaling 64,464 sf before the completion of construction, according to Voit Commercial Brokerage, listing agent for the properties.

Louis Tomaselli of the Anaheim Metro office of Voit Commercial Brokerage says the two buildings sold before construction was finished because there is such strong demand for new industrial product in the city that buyers are eager to seal the deals as soon as possible. Tomaselli and his Voit partner Mitch Zehner represented Boeing in the disposition of both properties.

The buyers were the privately held Nakazaki Family Trust and Zyxel Communications Co. The family trust acquired a 37,432-sf building situated at 1150 North Miller St., and the trust has retained Zehner and Tomaselli to market the building for lease to a single tenant. Zehner and Tomaselli also represented the Nakazaki Trust in the acquisition.

The other property, a 27,032-sf industrial building at 1130 North Miller St., was sold to Zyxel Communications as its corporate headquarters and main showroom. Zyxel plans to make extensive tenant improvements to the building, the Voit brokers say. The communications firm was represented in the purchase by Brian Bennett of the Saywitz Co.

The two buildings were developed by Boeing on excess land that the company had in the Boeing Anaheim Campus, with Centra Realty Corp. acting as development manager for the project. The buildings are in Pacific Gateway Anaheim, a master-planned business park. They feature 26-ft minimum clear-heights, dock loading doors, ample parking, office space, and an East Anaheim location with immediate access to the 57, 91, and 55 freeways.