According to the terms of the five-year lease, the Newport Beach-based tenant will occupy the entire 67,708-sf build-to-suit facility. The warehouse, which stands at 14700 Hoover, will be used for record storage. The deal includes an option to expand at the end of the five years.
The tenant was represented by Ken Hulbert of Daum Commercial Real Estate Services. The landlord, Sares Regis, was represented by a CB Richard Ellis brokerage team consisting of Brad Bierbaum, Bob Goodmanson and Brian DeRevere. All three brokers work out of the Anaheim office.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
