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IRVINE, CA-A joint venture of Atlanta-based Wells Real Estate Funds has sold a 65,000-sf office building at 15253 Bake Parkway to CTA LP for $12.5 million. The property, which is fully occupied by Gambro Healthcare Inc. under a new long-term lease, was sold by a joint venture between Wells Real Estate Fund VIII LP, Wells Real Estate Fund IX LP and a subsidiary of the Wells Real Estate Investment Trust Inc.

Wells was represented by Colliers Seeley and Zuvich Cannon Associates, with the buyer represented by Westbridge Realty Advisors, according to Parker Hudson, managing director of dispositions at Wells Real Estate Funds, which has managed the asset for several years.

The Wells transaction was one of two recently closed office deals in Orange County that included a new, $5.2 million lease by the Willdan Group of Cos. for a new headquarters at 2401 East Katella Ave. in Anaheim, according to Julien J. Studley Inc. David Cantwell of Studley reports that WGC, an Anaheim-based engineering firm that primarily serves government agencies, will move a short distance from its current address at 2125 East Katella Ave. to a building owned by Layton Belling & Associates in March 2005. Cantwell and Tim Schramm of Studley represented WGC, with landlord Layton Belling represented by David Dowd and Greg Brown from Cushman & Wakefield in the 90-month, 31,000-sf deal.

The new WGC headquarters is in Anaheim’s Platinum Triangle, the area surrounding Angel Stadium. Cantwell says the lease featured “an aggressive rental rate, a generous tenant improvement allowance, monument signage and a renovation of the building’s common areas.” The Willdan Group of Cos. is an engineering, planning, building and safety, geotechnical, and financial and economic management firm that was established in 1964.

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