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Industrial Assets Are Repositioning as Retail

SANTA ANA, CA-Select Orange County industrial properties are being renovated into contemporary showroom projects, some as hubs for shopping, dining and other activities, says MCA Realty's Tyler Mattox.

By Carrie Rossenfeld | Updated on December 03, 2013

SANTA ANA, CA-A new trend of certain industrial properties being repositioned as retail and showroom properties is emerging in Orange County. Investment and management firm MCA Realty is furthering this trend by purchasing Brookhollow Freeway Showroom Center, an 87,609-square-foot multi-tenant industrial/retail property here, from a Seattle-based investment manager for $9.5 million; MCA plans to reposition the property as a retail destination center.

MCA was represented in the acquisition by Joe Winkelmann of Voit Real Estate Services. The seller was represented by Mike Hartel and Kevin Turner, also of Voit. The three brokers will also handle leasing of the property. MCA was able to open escrow at a favorable basis as a result of the firm’s relationship with the local brokerage team that handles leasing for the project.

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