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O.C. BUSINESS PLUS

O.C. Commercial Real Estate

July 20, 1999

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

LEASES

Office

* Steadfast Properties

Business: Real estate developers

Address: 20320 Birch St., Newport Beach

Space: 12,545 sf

Term: 36 months

Value: $1.6 million

Landlord: Birch Business Center LLC

Lessee broker: Voit Commercial Brokerage, Irvine

Landlord broker: Voit Commercial Brokerage, Irvine

* Buy.Com

Business: Internet retailer and E-commerce portal site

Address: Phase II, Summit office campus, 85 Enterprise., Aliso Viejo

Space: 53,000 sf

Term: 5 years

Value: $8.25 million

Landlord: AEW/Parker LLC, a joint venture of AEW Capital Management and Parker Properties

Lessee broker: CB Richard Ellis, Newport Beach

Landlord broker: CB Richard Ellis, Newport Beach

Industrial

* PairGain Technologies

Business: Design and manufacture of digital subscriber line networking systems

Address: 14661 Franklin Ave., Tustin

Space: 41,130 sf

Term: 65 months

Value: $2.2 million

Landlord: Safeguard Business Systems

Lessee broker: Grubb & Ellis

Landlord broker: Voit Commercial Brokerage

* Toolex International

Business: Electronics/video and audio discs

Address: 2621 White Road, Irvine

Space: 44,644 sf

Term: 5 years

Value: $1.8 million

Landlord: Shur-Lok Corp.

Lessee broker: Voit Commercial Brokerage

Landlord broker: Voit Commercial Brokerage

* Loc-oter U.S.A.

Business: Distribution of specialty items

Address: 2590 Main St., Irvine

Space: 38,257 sf

Term: 5 years

Value: $1.1 million

Landlord: Shur-Lok Corp.

Lessee broker: Patrick Gillispie & Associates

Landlord broker: Voit Commercial Brokerage

* TRC

Business: Environmental engineering and remediation water service and infrastructure

Address: 21 Technology, Irvine Spectrum

Space: 41,559 sf

Term: 10 years

Value: $7.5 million

Landlord: Irvine Co.

Lessee broker: Lee & Associates Commercial Real Estate Service Inc., Irvine Spectrum office

Landlord broker: Irvine Co.

SALES

Industrial

* Flojet Corp.

Business: Pump manufacturer

Address: 10 Icon St., Foothill Ranch

Size: 100,000 sf

Price: $7.5 million

Seller: Prologis

Buyer's broker: Voit Commercial Brokerage, Irvine

Seller's broker: CB Richard Ellis and Providence Realty Advisors

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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