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HUNTINGTON BEACH, CA-Kearny Real Estate Co. has sold all seven buildings of its recently completed Seacliff Business Center before the completion of construction, according to Voit Commercial Brokerage, the listing agent for the 59,000-sf project.

Mike Bouma and Rob Socci of the Anaheim Metro office of Voit, who represented Los Angeles-based Kearny in the sales, note that the business park is the first industrial development completed in the remaining industrially zoned land in the infill Seacliff area of Huntington Beach. The development is at Goldenwest Street and Garfield Avenue.

According to Bouma, when the project broke ground in January of this year, several of the buildings were already in escrow. The remainder of the buildings were pre-sold throughout the year and all closed escrow upon completion of construction last week. The combined value of the transactions totals $8.1 million. Bouma credits aggressive marketing and the strong building-for-sale market for the quick sales of the buildings, which range in size from 5,452 sf to 10,980 sf.

Kearny acquired the four-acre parcel for the Seacliff Business Center more than five years ago and then hired Voit both to market the buildings and to advise the developer on what type of product would be best suited for the market, says Bouma, who has been working in the Huntington Beach market for more than 11 years. Kearny spent several years obtaining entitlements to the site, which is part of a former oil field that now sits in the middle of high-end residential and retail centers in one of the city’s wealthiest neighborhoods.

Besides representing Kearny, Bouma and Socci also represented six of the seven buyers, all of which relocated to Seacliff Business Center from other West Orange County locations. The buyers include: ML Burris Corp., a distributor of high performance go-kart racing parts, which acquired 7047 Kearny for $1.4 million; Leda Corp., an aerospace and defense supplier, which acquired 7080 Kearny for $1.5 million; Gaetano Hardwood Floors, a Huntington Beach-based flooring contractor that acquired 7071 Kearny for $1.1 million; Decorean Design, an import/export company, which acquired 7042 Kearny for $780,000; Jen-E Distributing, a wholesale distributor of street rod and high-performance auto accessories, which acquired 7028 Kearny for $1.3 million; a local research and design company, which acquired 7021 Kearny for $1.2 million; and a private investor who acquired 7056 Kearny for $835,000.

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