Office, Industrial Sales, Leases Total $25M

SANTA ANA, CA-Office and industrial users and investors have signed leases and closed on sales totaling $24.6 million in 12 transactions here and throughout the Southland, according to Voit Real Estate Services. The largest of the deals is a $3.7 million, 36,890-square-foot office lease here by paint manufacturer Behr Process Corp.

Behr signed for space at 3100 Harbor Blvd., near the 405 Freeway, in a building owned by Corporate Center Partners. The paint maker was represented by Kevin Turner of the Irvine office of Voit Real Estate Services’ brokerage division; the building owner was represented by Jon McClintock of the Colton Cos.

In a deal at 160 N. Riverview Dr. in Anaheim Hills, defense industry firm Applied Signal Technology Inc. signed a six-year, $3.2 million lease on a 15,000-square-foot office space at the 75,000-square-foot Anaheim Hills Office Plaza, which includes frontage on the 91 Freeway. Applied Signal—‏–—an intelligence, surveillance and reconnaissance provider for defense, intelligence and homeland security—‏–—was represented by Jeffrey Nochimson of Colliers International; the building owner, Silveroak Development, was represented by Louis Tomaselli, Mitch Zehner and Mike Boomer of Voit’s Anaheim Metro office.

In two industrial sales, at 555 and 545 Monica Circle near the 91 Freeway in the Inland Empire city of Corona, H&P Properties acquired a 35,708-square-foot property from Grapevine Miraloma Properties for $2.6 million and buyers Leah and Rich Egelin bought a 31,128-square-foot property for $2.3 million. Jack Faris of Voit’s Anaheim Metro office represented both parties in the $2.6 million sale of 555 Monica Circle and the seller in the $2.3 million deal at 545. The buyers of the $2.3 million property were represented by Ryan Swanson and Ryan Moore of Lee & Associates.

In Irvine, real estate investment company Von Karman Center LP sold two industrial units of 7,456 and 7,257 square feet at 16782 Von Karman Ave. for a total consideration of $2.2 million. The property is close to The District at Tustin Legacy, a one-million-square-foot, open-air lifestyle and entertainment shopping center. The seller was represented by Walter Frome and Bill Livesay of Voit’s Irvine office; Cybele Lin of Evergreen Realty represented the buyer, Jou-Guang Hwang.

In another Corona deal, Monte Cristo Properties LLC bought a 12,900-square-foot office property at 255 Lincoln Ave. from Donovan Investments for $2.1 million. Donovan was represented by Kent Turner of Voit’s Irvine office and Monte Cristo by Eric Fikse of Daum Commercial Real Estate Services.

In Pasadena, Orange County-based Custom Comfort Mattress Co. signed a 10-year, $1.9 million lease for a 7,000-square-foot retail property at 412–414 S. Lake Ave. in Custom’s first Los Angeles location. The 17-year-old mattress company was represented by VP Kathy Fuller of Voit’s Irvine office. The landlord, a group of three family trusts and an individual, was represented by Steve Nelson of CB Richard Ellis.

In the City of Orange, private investors Michael and Jenifer Christian acquired a 14,045-square-foot industrial property at 964 Batavia St. from DS Waters of America Inc. for $1.7 million, with Hayden Socci and Rob Socci of Voit’s Anaheim Metro office representing the buyers. The seller was represented by Chris Migliori and Dennis Sandoval of Daum.

In Tustin, M.C. LLC acquired an 8,000-square-foot industrial property at 1422 Edinger Ave. from HW Office Plaza for $1.4 million, with David McKenney of Voit’s Irvine office representing the buyer and David Bolt of CB Richard Ellis representing the seller. In Santa Ana, Bain Family Trust sold a 9,340-square-foot industrial property at 132 W. Adams St. to Bonert’s Slice of Pie for $1.4 million. The buyer, which intends to use the facility for the manufacture and production of pies, was represented by Greg Diab of Lee & Associates. The seller was represented by Greg Velastegui of Voit’s Irvine office.

In Santa Fe Springs, BMA Lee Property LLC acquired a 10,000-square-foot industrial property at 12960 Sunnyside Place from DW Santa Fe Springs LLC for $1.1 million. The property will serve as the US headquarters for BMA Lee, which designs and manufactures embedded and automation products including portable computers, panel computers and embedded systems for various purposes. Dan Berkenfield of Voit’s Anaheim Metro office represented the buyer; Pat Meaney of PGP Realty represented the seller.

In a $1 million deal in Anaheim, Juan and Rosalina Loranza bought a 7,866-square-foot industrial property at 1346 Knollwood Ave. from George Alam. The seller was represented by Mike Hefner and Mike Vernick of Voit’s Anaheim Metro office and the buyers by Paul Kott of Paul Kott Realtors.