Steve Crane of Lee & Associates' Orange office represented the buyers, KC Chen and Happy Chen. Mitch Zehner and Louis Tomaselli of Voit Commercial Brokerage's Anaheim office represented the seller, Arthur Granito.
The county's industrial market continues to sizzle, as investors are eager to snatch up the limited supply of industrial properties that are available. The sale of the Anaheim facility follows on the heels of an $11 million industrial transaction in Santa Ana.
The 100% leased Essex Corporate Center was sold to an unnamed private trade buyer, as reported yesterday by GlobeSt.com. The 94,988-sf research and development building stands on a 6.5-acre site at 1900 Carnegie. It was sold by Essex Realty Management.
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.
