OC Industrial Rebounding, Too
Want to get a jump-start on upcoming deals? Meet the major Orange County players at one of our upcoming events!
|OC also has an improving industrial market. Leasing demand is being driven by companies that might have considered the owner-occupier route not too many years ago, but who are now facing tougher lending requirements with higher down payments, Lee & Associates' Darin McDonald tell us.|
|Recently Darin and Ted Sawyer repped the MAP Sports Facility in a seven-year, $3.1M lease of 12552 Western, an 80k SF industrial building in Garden Grove. CBRE-Newport Beach's Nick Spatafore repped the building owner, Deutsch SDL.|
|Voit EVP Mitch Zehner, along with SVP Seth Davenport, repped the owners of 450 Delta Ave in Brea in the lease of the entire 62k SF building to Kelly-Wright Hardwoods. The key to the deal, Mitch says, was tapping existing relationships to find the new tenant quickly so that the building's cash flow was uninterrupted. Garrett McClelland and Zach Niles of 360 Commercial Partners repped the tenant.|