Building Sales Show Developer, Buyer Strategies

ANAHEIM, CA-A series of industrial sales here and in two other Orange County cities illustrate the strategies that developers and investors are employing in the current market, according to announcements from the firms. Developer Sares-Regis of Irvine affirmed its targeting of owner-users with the sale of two buildings in a 120,000-square-foot industrial project that it developed in Anaheim, while Los Angeles-based Rexford Industrial executed a short sale as it pursues its goal of acquiring distressed assets in high-barrier-to-entry infill markets in Southern California.

The Sares-Regis project is Canyon Point, a development of three LEED-certified buildings of 57,593 square feet, 32,554 square feet and 31,744 square feet on 6.3 acres at the southeast corner at Miraloma Avenue and Miller Street in the Anaheim Canyon technology district. The Irvine-based developer has sold the first two and is marketing the 31,744-square-foot building.