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11/16/10
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In positive office leasing news from Orange County, we’ve got two leases for 25k sf each to report at Anaheim Hills Plaza, a 75k sf Class A building located at 160 N. Riverview Dr in Anaheim. The transactions were with Premier Business Centers and Gateway One Lending & Finance. With these leases, there remains less than 10k sf of space still available at the building, which was built in 2008 and is situated east of Weir Canyon Rd and just south of the 91 Fwy. Terms of these deals were not disclosed.
Premier Business Centers is one of the largest executive suite companies in the United States and, with this deal, inked its 20th location in Orange County and 59th center across the country. This is the company’s first location in the Anaheim Hills area. Premier is led by Jeff Reinstein, the firm’s Chief Executive Officer.
Gateway One Lending & Finance provides indirect auto lending for a broad spectrum of consumer credit. They combine personalized financing solutions for consumers by leveraging their technology, industry partners and experienced management team.
Chris Migliori and Kara Guarienti of DAUM Commercial Real Estate Services represented the property owner, Wells Fargo Bank N.A, in both of these leases, as well as both tenants, Premier Business Centers and Gateway One. From what we understand, the asking price for the remaining space at Anaheim Hills Plaza is $1.90/sf/mo FSG.
We also have a couple other office deals from Orange County to report, in Irvine, where there were two recent signings, totaling 9.3k sf, at the Karman McGaw Business Building. The single-story, 31k sf office/service building is located at 17332 Von Karman Ave, within the Irvine Business Complex. The property is owned by Western States Technologies and, with these latest deals, is now 81% occupied.
In one of the leases, Critical Care Systems Inc signed a five-year lease for 5.3k sf at the building. Critical Care Systems is a national home infusion provider offering services to pediatric and adult patients. Based in Nashua, NH, the company plans to use its Irvine location as an infusion center and licensed pharmacy, as well as for nursing operations. The company is relocating to Irvine from its current location in Tustin.
JR Williamson of NAI Capital represented Western States Technologies in the transaction, while Ross Bourne of CB Richard Ellis in Newport Beach repped Critical Care Systems.
The second lease was signed by Gary Becker, founder and owner of Avenue G, which specializes in office design solutions, project management and office furniture sales. Avenue G signed a five-year lease for 4k sf of space and will be relocating from its current Irvine location.
NAI Capital’s JR Williamson handled the Avenue G transaction on behalf of Western States Technologies. Brent Mork of NAI Capital in Newport Beach represented Avenue G.
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