Monday, April 4, 2011
Colliers International Negotiates Three Industrial Leases Equaling 101,010 SF Totaling $3.151 million in Orange County, CA
ORANGE COUNTY, CA, April 4, 2011 – Colliers International, the second largest global real estate services organization, recently negotiated three leases with the combined transactions values equaling $3.151 million.
Chuck Wilson, senior vice president, based in Colliers International’s Irvine office, negotiated all three leases.
The first transaction was for a 66,510-square-foot industrial property located at 7101 Cate Drive (top left photo) in Buena Park, Calif. The transaction is valued at $1.7 million.
The property is a free standing building, completely refurbished by the ownership. Wilson represented the tenant, Adams and Sons Transportation, a La Mirada-based warehouse company. He has represented this tenant in five separate transactions in the past. The landlord, a Whittier-based company, Oltmans, was represented by Joe Milo from Inco Commercial Brokerage.
Next transaction was for a 10,500-square-foot industrial property located at 525 Shepard (middle right photo), Anaheim, Calif. The transaction is valued at $700,000. The property offers outstanding frontage on the 91 freeway.
The landlord was represented by Scott Seal of Lee & Associates. The tenant, The Bug Man, a pest control company, was represented by Wilson.
“The Bug Man is relocating its corporate office from Fullerton to Anaheim for 91 freeway frontage exposure,” said Wilson. “The Bug Man has been in business in Orange County since 1958 and was voted People’s Choice for ‘Best of Orange County’ for both residential and commercial pest control.”
The property located at 11042 Forest Place (lower left photo), Santa Fe Springs, Calif, is a freestanding, 24,000-square-foot industrial building, and this transaction is valued at $751,000.
The landlord, represented by Wilson, is Polley Real Estate Rental, and the tenant, a Pittsburg-based refractories company, Harbison-Walker, relocated from Pico Riviera, Calif., was represented by Clif Fincher of Lee & Associates.
Built in 1982, it will be used as a warehouse and distribution center by the new tenant.
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