X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(Read more on the industrial market.)

SANTA ANA, CA-HD Supply Repair & Remodel, a division of Home Depot, has signed a 10-year lease for 95,017 sf of space in two warehouse buildings that represent an expansion for the company, according to Voit Commercial Brokerage. Mike Bouma of the Anaheim office of Voit Commercial, who was part of a Voit team that represented the Home Depot division, says that the new space provides room for the tenant to expand as its business grows.

Bouma teamed with Jeff Mitchell of the Irvine office of Voit Commercial in representing HD Supply. The company’s new space is at 1044 E. Fourth St.

Bouma comments that with more than 5,000 acres of Santa Ana now undergoing redevelopment, “this building will be a great location for HD Supply Repair & Remodel to expand.” Mitchell points out that the lease represents the culmination of a “complex deal that took over one year to complete and pass through the entitlement process in the City of Santa Ana.”

HD Supply Repair & Remodel’s commitment to the space is expected to help revitalize and rejuvenate the Fourth Street area, a part of the city that Santa Ana officials are very focused on redeveloping, the Voit brokers point out. The two warehouse buildings that HD Supply has leased sit on a site of 4.3 acres and were constructed in the 1960′s.

HD Supply is planning an extensive renovation of the buildings to customize them for its own specific needs, and the company also plans to upgrade the surrounding area. Northern California-based HD Supply Repair & Remodel supplies home improvement products and building materials to remodeling contractors, to the trades and to home improvement specialists throughout California.

The HD Supply lease is valued at $6.3 million. The company’s new space is in buildings owned by Seidner Trading Co. & Borchard-Temecula LP, which was represented by Brad Bierbaum and Sandy Nalle of CB Richard Ellis.

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?

GlobeSt

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.