X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

[IMGCAP(1)]ANAHEIM, CA-A local investor has acquired a 118,975-sf R&D building here, and an electronic manufacturing service provider bought a 73,742 facility in Aliso Viejo for a new headquarters in two recently closed transactions, according to brokers from Madison Partners in Los Angeles and Voit Commercial Brokerage in Irvine. In the larger of the two deals, the Bridgestone Group LLC bought the 118,975-sf R&D building, which is at 901 E. Ball Rd. in Anaheim, from Los Angeles-based J.H. Snyder. Situated on 7.2 acres of land, the class A facility is 100% occupied on a long term lease by a single tenant, L3Communications.

The Ball Road property was part of a four-building portfolio of office and R&D properties totaling 402,425 sf that Snyder bought from the Carson-based Watson Land Co. in 2006, according to GlobeSt.com reports at the time. Tenant L3 Communications is supplier for for the defense electronics and communications industry.

[IMGCAP(2)]In the Aliso Viejo transaction, electronic manufacturing service provide Astronic Inc. paid $13.2 million for the 73,742-sf industrial building, which is at 2 Orion. Astronic supplies its services to military, medical and commercial clients. The company will be moving its headquarters to the newly purchased building in the first quarter of 2009 from another Orange County location, a 40,000-sf building in Foothill Ranch.

Astronic was looking for a larger property to expand its operations and wanted a building that was situated close to freeways with access to Orange County, San Diego and Los Angeles, according to Jeff Mitchell of the Irvine office of Voit Commercial Brokerage. Mitchell represented Astronic Inc., with Gary Allen of Grubb & Ellis representing the seller, Tamiya America, a Japanese manufacturer of model and radio control cars, trucks and tanks.

The 2 Orion property includes a parcel of excess land next to the 73,742-sf building, Seller Tamiya is marketing that parcel separately.

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
  • 1 free article* every 30 days across the ALM subscription network
  • 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 © 2021 ALM Media Properties, LLC. All Rights Reserved.