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Alliance Commercial Partners buys large industrial building near O.C. airport

Alliance Commercial Partners of Colorado acquires the 18-acre Santa Ana property out of receivership for $23.1 million, or about half its previous price.

March 03, 2011|By Roger Vincent, Los Angeles Times

One of the largest industrial buildings near John Wayne Airport in Orange County has been purchased out of receivership by Alliance Commercial Partners for $23.1 million.

The building at 2001 E. Dyer Road in Santa Ana had been used as corporate headquarters by GT Bicycles and 3 PL Global. It is now mostly empty.

Alliance paid about half of the previous sale price for the building, said Bob O'Neill, director of acquisitions for the Lakewood, Colo., real estate investment company.

The previous owners were Commonfund and Greenlaw Partners, said receiver Taylor Grant of California Real Estate Receivership, who supervised the sale. The 366,000-square-foot building sits on 18 acres, Grant said.

Alliance owns more than 20 properties in Southern California, including the Pacific Center and the Fine Arts Building, historic office buildings in downtown Los Angeles.

roger.vincent@latimes.com

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