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O.C. BUSINESS PLUS

O.C. Commercial Real Estate

July 13, 1999

A look at recent commercial leasing and sales activity in Orange County.

LEASES

Office

* Fireman's Fund Insurance Co.

Business: casualty insurance

Address: Southeast corner of Walnut Avenue and Jamboree Road, Irvine

Space: 150,000 sf

Term: 10 years

Value: $22 million

Landlord: Opus Southwest Corp.

Lessee broker: Lee & Associates

Landlord broker: Lee & Associates

* Hunter Barth

Business: advertising agency

Address: 333 W. Bay St., Costa Mesa

Space: 9,800 sf

Value: $1.7 million

Lessee broker: Julien J. Studley Inc.

Landlord broker: Cushman & Wakefield

Retail

* Petco

Business: pet store

Address: 6733 Westminster Blvd., Westminster

Space: 15,000 sf

Term: 10 years

Value: $2.3 million

Landlord: Summit Commercial

Lessee broker: Pentz & Partners

Landlord broker: Grubb & Ellis

* Savin Corp.

Business: copiers

Address: 17011 Beach Blvd., Huntington Beach

Space: 11,426 sf

Term: 5 years

Value: $1.2 million

Landlord: Birtcher Properties

Lessee broker: Grubb & Ellis

Landlord broker: CB Richard Ellis

* Ruby's Diner

Business: restaurant

Address: 428 E. 17th St., Costa Mesa

Space: 4,500 sf

Term: 15 years

Value: $1.8 million

Landlord: Leaf Family Trust

Lessee broker: West Coast Commercial

Landlord broker: Grubb & Ellis

Industrial

* TSW Alloy Wheels

Business: Distributor of alloy wheels

Address: 25954 Commercentre Drive, Lake Forest

Space: 45,000 sf

Term: 5 years

Value: $1.5 million

Landlord: Prologis

Lessee broker: Curtis and Associates

Landlord broker: CB Richard Ellis and Providence Realty

* Familian Corp.

Business: Sale and distribution of pipe and related supply products

Address: 11552 Monarch St., Garden Grove

Space: 41,400 sf

Term: 9 years

Value: $2.7 million

Landlord: Straub Distributing Co.

Lessee broker: Grubb & Ellis

Landlord broker: Lee & Associates

SALES

Industrial

* Merical Distributors

Business: Vitamin distribution company

Address: Miraloma Industrial Center, 2995 E. Miraloma Ave., Anaheim

Size: 91,000 sf

Price: $4.6 million

Seller: Pacific Gulf Properties Inc.

Buyer's broker: Voit Commercial Brokerage, Anaheim

Seller's broker: Voit Commercial Brokerage, Anaheim

Office

* 7 Holland Investment Co., Beverly Hills

Business: Investments

Address: 7 Holland, Irvine

Size: 83,402-square-foot building; 173,368 square feet of land

Price: $6.4 million

Seller: CPU

Buyer's broker: Seeley Co.

Seller's broker: Seeley Co.

If you would like to submit a commercial sales or leasing transaction for consideration, please mail it to Vicky Clepper, Los Angeles Times, Orange County, 1375 Sunflower Ave., Costa Mesa, CA 92626, or fax it to (714) 966-4562. Sales should have a minimum value of $5 million; leases at least $1 million.

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