LOS ANGELES, CA, June 7, 2012 – Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the $19,255,000 sale of two medical-related office buildings totaling approximately 100,000 square feet in the Orange County, Calif. cities of Cypress and Costa Mesa. The buildings are fully occupied by WCCT Global LLC, an early phase drug development Clinical Research Organization (CRO).
Darrell Levonian (middle left photo), Justin Mendelson (lower right photo) and Fred Sheriff from the Charles Dunn Company’s Century City office represented the buyer Davies-Torrance Trust from the San Francisco area, and the seller, a private family LLC who also had a significant ownership interest in the tenant, WCCT Global.
“This transaction was complex and multifaceted. It spanned over one year from start to finish and involved the marketing team’s ongoing advisory input throughout the entire process,” said Darrell Levonian, executive managing officer with Charles Dunn Company.
“Each member of our team brought their own unique set of skills to the table to successfully execute the two-property portfolio sale on behalf of the ownership.”
Levonian added that the relationship with the seller was born out of a disciplined prospecting protocol by Mendelson. The preference of the ownership was to sell the buildings to a single buyer, reorganize the debt and equity structure of its real estate holdings, and to diversify its overall portfolio.
For a complete copy of the company’s news release, please contact:
Darcie Giacchetto
D.G. Communications, Inc.
949.278.6224
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