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ORANGE, CA-Paper Mart, a fourth-generation family business that sells a wide range of packaging supplies, has acquired a 246,732-square-foot building at 2164 N. Batavia St. that serves as the company’s headquarters and warehouse, according to Grubb & Ellis Co. brokers who negotiated the sale. Frick Family Properties LLC, doing business as Paper Mart, purchased the property for $22.2 million.

Paper Mart bought the property from PPF Orchard Industrial, which was represented by executive vice president Jeff Read and vice president Greg Osborne of Grubb & Ellis. Read notes that the transaction “is among multiple sizeable owner/user sales that have closed in the Orange County area in the last several months, providing good indication of overall improvement in the industrial market,” said Read.

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