PLACENTIA, CA-Western Realco LLC of Newport Beach and Connecticut-based Penwood Real Estate Investment Management have acquired the former headquarters of Knott’s Berry Farm and plan to convert the approximately 200,000-square-foot facility into manufacturing and warehouse space before marketing it for sale or lease. The sale of the property, which attracted multiple offers, is one of a number of deals that underscore increased activity in the industrial sector in North Orange County, according to Ian Britton, one of a team of CB Richard Ellis brokers who represented the Knott Family Co. in the transaction.

Built in and owned by the Knott family since 1985, the building sits on 12 acres at 200 Boysenberry Lane and served as the production facility for Knott’s jams and preserves for over 15 years. The highly specialized facility has a long history of jam production, first by Knott’s and later by Conagra and Smuckers, according to Britton, whose CBRE partners in the approximately $10.3 million sale were Ben Seybold and Art Rasmussen. The buyers were represented by EVP Jeff Read of Grubb & Ellis Co., who notes that the building includes corporate-image office space, two acres of excess land and a secured yard close to the 57 and 91 freeways.

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?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.