ANAHEIM, CA-Greenlaw Partners and Guggenheim Real Estate PLUS fund have acquired the 245,503-sf Anaheim Tech Center for $18 million, the second Orange County asset that the two firms have purchased in partnership this year, according to Voit Commercial Brokerage.

Louis Tomaselli of the Anaheim Metro Office of Voit reports that the Greenlaw-Guggenheim venture bought the Anaheim Tech Center from SSR Realty Advisors, with Tomaselli and his Voit partner, Mitch Zehner, representing the seller. The buyers were represented by Rob Mitchell of Voit’s Anaheim Metro office, along with Tomaselli and Zehner. The property is at 950 and 955 E. Ball Road and 1045, 1047, 1051 and 1055 East St., close to the Orange (57), Santa Ana (5), Garden Grove (22) and Riverside (91) freeways.Greenlaw and Guggenheim earlier this year bought the 196,460-sf, 10-story Tustin Centre mixed-use office development in Tustin for $45 million. Greenlaw is an Orange County-based real estate development and investment management company. Formed in March 2003 by Wilbur H. Smith III and John Tumminello Jr., Greenlaw has since acquired 10 properties valued in excess of $300 million. Guggenheim is an open-end diversified real estate portfolio managed by Guggenheim Real Estate LLC of New York.The acquisition of the Anaheim Tech Center further illustrates that the Orange County industrial market remains strong for property sales while at the same time improving in the leasing arena, according to Voit, which recently brokered a 10-year lease on a 74,698-sf industrial building in Fullerton. The tenant, Renaissance Doors and Windows, is a manufacturer and installer of custom doors and windows throughout Orange County. Its new space is at 2425 W. Commonwealth Ave., near the Fullerton Municipal Airport. The average asking triple net lease rate of 56 cents per sf per month for industrial space in the third quarter of this year is almost a 10% increase from third quarter 2003, notes Brian Corrigan of Voit Commercial Brokerage’s Anaheim Metro office. Corrigan and Rob Socci of Voit represented Renaissance and the landlord, the Pacific West Management division of Hagar Pacific Properties.

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