* The Irvine office of New York-based Lend Lease Real Estate Investments acquired the 486,782-square-foot MC&C Commerce Center/Stage Road Properties in Santa Fe Springs for $33 million from New York-based Fortis Advisers Inc. and Santa Fe Springs-based McGranahan Carlson & Co. in what brokers said was one of the largest property sales ever in the mid-counties industrial market. The MC&C center includes nine buildings on 23 acres at Florence and Shoemaker avenues and at Valley View Avenue and Stage Road that were developed in 1999 by McGranahan Carlson & Co. The CB Richard Ellis team of Steve Batcheller, Darla Longo, Rick McGeah and Barbara Emmons represented the buyer and the seller.
* PS Business Parks, an Irvine-based real estate investment trust, purchased a 160,499-square-foot office complex at 1,3,5,7 and 9 Corporate Park in Irvine for $25.3 million from Patrician Associates of Des Moines. Michael Randall and Tom Taylor of Grubb & Ellis represented the buyer and the seller.
* Tyco Electronics has leased 201,286 square feet of industrial space in a just-completed building within Ontario Gateway West on South Parco Avenue in Ontario. The 10-year transaction between Pennsylvania-based Tyco Electronics and Brentwood-based developer Proficiency Capital Corp. is valued at about $8 million. Grubb & Ellis Co.'s Jeff Read and Mark Kegans represented the tenant, and Kevin McKenna and Peter McWilliams of Colliers Seeley represented Proficiency Capital.