The Orange County industrial market continues to

Industrial Highlights
Orange County | Q3 2014
The Orange County industrial market continues to
gain steam in leasing activity across the board as
rental rates rise, especially in the 100,000- to
200,000-square-foot building size range.
Leasing activity
Airport Area
• Stauffer’s Biscuit, a large consumer goods company, signed a 120month lease renewal for 217,000 square feet at 4041 W. Garry
Avenue in Santa Ana
• Montrose Environmental, an air quality and environmental laboratory
services provider, signed an 88-month direct lease for 38,551 square
feet at 1631 E Saint Andrew Pl in Santa Ana.
• BCL Creative, an organic spa product manufacturer, signed a 62month direct lease for 29,645 square feet at 350 Kalmus Drive in
Costa Mesa.
• Warrior Engineering, a cutting-edge engineering and design solutions
firm, signed a 48-month direct lease for 21,600 square feet at 1751
Kettering Street in Irvine.
North County
• Arden Engineering,an aerospace engineering firm, signed a 120month direct lease for 144,000 square feet at 3130-3150 E Miraloma
Avenue in Anaheim.
• Wurth Louis and Company, a wholesale distributor of woodworking
supplies, signed a 60-month lease renewal for 115,494 square feet at
895 Columbia Street in Brea.
• Mondelez International, a multinational confectionary, food and
beverage conglomerate, signed a 60-month lease renewal for
102,361 square feet at 6201 Knott Avenue in Buena Park.
• Dae Shin USA, a textile manufacturer, inked a 60-month lease
renewal for 96,960 square feet, at 610 N. Gilbert Street in Fullerton.
South County
• Masimo Corporation, a manufacturer of non-invasive patient
monitoring technologies, committed to a 60-month lease renewal for
70,205 square feet at 40 Parker in Irvine Spectrum.
• Wes-Tec, Inc., a wireless communications product, service, and
infrastructure provider, signed a 36-month sublease for 19,080 square
feet at 61 Columbia in Aliso Viejo.
West County
• Mission Critical Composites, an aerospace product and parts
manufacturing company, signed an 87-month lease for 56,793 square
feet at 15400 Graham Street in Huntington Beach.
Vacancy
Rents
Net absorption
Leasing volume
Sales prices
Sales volumes
Construction
deliveries
Arrows represent change from prior quarter
• C&D Zodiac, Inc., an aerospace equipment and systems developer,
committed to a 36-month direct lease for 31,500 square feet at 5900
Katella Ave Bld. C in Cypress.
Sales activity
• KTR Capital Partners, bought 439,567 square feet at 601 S Acacia
Ave in Fullerton from Yokohama Tire Corporation for $42.8 million
($97 per square foot).
• Turner Development Corp., bought 176,450 square feet at 1311-1347
Blue Gum St in Anaheim from TW Investment Corp. for $19.4 million
($110 per square foot).
• Michael Nicholas Designs, Inc., acquired 139,592 square feet at 2330
Raymer Ave from M. Parkinson & Co., Inc. for $12.6 million ($91 per
square foot).
• Sukut Construction, Inc., bought 70,000 square feet at 7272 Chapman
Ave in Garden Grove from 7272 Chapman LLC for $9.6 million ($138
per square foot).
Construction activity
• Phase I of Anaheim Concourse (626,404 square feet of warehouse
and distribution product) is anticipated to deliver by the end of
the year.
• Phase III of Anaheim Concourse (428,899 square feet of warehouse
and distribution product) is anticipated to break ground early
next quarter.
For more information, please contact:
Ryan Pires
Research Analyst
Orange County
+1 (949) 885-2953
Ryan.Pires@am.jll.com
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