TUSTIN, CA—CapRock Partners LLC has acquired a high-image mixed-use industrial property at 14191 Myford Rd.here from a seller GlobeSt.com has learned is a joint venture between Penwood Real Estate Investments and Western Realco for a price not revealed to us. Located within the Jamboree/I-5 freeway and 261 toll-road corridor, the property comprises 7.4 acres with a 110,000-square-foot industrial/R&D building that includes 10,000 square feet of second-floor office space.

CapRock was unable to reveal the identity of the tenant in place at the property, but did tell GlobeSt.com that it was a NASDAQ publicly traded company. The tenant will occupy almost 40% of the building, and CapRock will convert the remaining 69,000 square feet to creative-office use with a 4:1 parking ratio—a rare offering in this sought-after location.

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