Completed in 1987, the building houses the operations of pottery maker Marlin Manufacturing, which is owned by investment group Marlin-Davidson. Marlin Manufacturing will continue to occupy 49% of the facility, which stands at 302 N. Townsend St.
The Santa Ana building has been snapped up by Tho Luu, who owns Garden Grove-based Century T.V. and Appliance Corp. Century T.V. will take the remaining 51% of the property.
Luu was represented by Liem Nguyen of Prudential Real Estate. Gregory Ozimec of Voit Commercial Brokerage's Irvine office spoke for Marlin-Davidson.
"Both parties benefited immensely from the transaction," Ozimec says. "Not only was Century able to acquire the building it will occupy at a great value, but Marlin Manufacturing was also able to remain in a portion of the building where it had established its business."
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.
