Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ANAHEIM, CA-Contractor KHS&S has sold a 36,000-sf R&D building here for $7.4 million and CT Realty has closed on the $6.9 million sale of a redeveloped building in Fullerton. The Anaheim building is at 5109 E. La Palma Ave. and the Fullerton building at 800 S. Raymond Ave.

The contracting firm, which specializes in themed construction, rock and water feature construction, is one of two tenants in the building, which is 100% occupied. The other tenant is Volt Information Services.

KHS&S has signed a 10-year, triple-net lease for 26,000 sf in the building. Volt, which specializes in the telecommunications and print media industries, has signed a five-year, triple-net lease for the remaining 10,000 sf. Jack Faris of the Anaheim Metro office of Voit Commercial Brokerage represented the seller and the buyer, the Harry S. Bouchier Family Trust.

In the CT Realty deal, the Newport Beach-based investment and development firm sold a 117,594-sf industrial building on 11 acres to a private investor. According to Marc Belluomini, EVP at CT Realty, the site also includesa 92,000-sf Storage Outlet self-storage facility, which was notincluded in the sale. Storage Outlet is a controlled affiliate of CT RealtyCorp.

CT Realty acquired the Fullerton property in 2002 and redeveloped it into amixed-use site featuring industrial and self-storage usage. CT demolishedone-third of the existing office space and upgraded the remaining area intotwo industry showroom accommodations to maximize visibility along Raymond and Kimberly avenues. The space is vacant and will be occupied by the new owner.

CT Realty was represented by Faris and Mike Hefner of Voit’s Anaheim Metro office. The buyer was represented by Kevin Turner of the Irvine office of Colliers Seeley International.

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.