Saturday, March 30, 2013

ORION Property Partners Dominates 2012 Orange County, CA Office Leasing Market;

Jay Carnahan
IRVINE, CA -- ORION Property Partners, one of the premier commercial real estate  companies in Orange County, was involved in four of Orange County’s top 10 office lease transactions in 2012, according to CoStar’s top office lease rankings. 

All told, the firm handled more than 1.5 million square feet of leases in some of Orange County’s top tier office properties, completing 124 lease transactions during 2012. Notably, ORION was also involved in the largest office building sale in Orange County– The Michelson for $277 million.

Bob Thagard
Tenant industries involved in the leasing transactions encompassed some of the leading business sectors in the County including healthcare, biomedical and financial services.

“Our team performed incredibly well in 2012, especially considering that we are a boutique firm that provides a principal to principal alignment on every deal. 

"  Each of our principals has more than 25 years of experience, and our success is a testament to the long-standing relationships we have with most of the senior officers of companies and institutional property owners in this market ,” said Jay Carnahan, ORION’s managing partner.

“Thanks to our experience and strong relationships, we have an unmatched level of access to key decision makers. We are different from many brokerage firms in that our company takes a selective approach to who we service in order to closely align with our clients’ interests and to avoid conflicts of interest.  Our approach and long-term relationships are what allow us to out-perform much larger firms,” Carnahan added.

Bob Thagard, managing principal with ORION and one of the firm’s longest-tenured partners, was the top producer at ORION in 2012. Moreover, Thagard experienced his best year ever in his 25-plus year real estate career.

For a complete copy of the company’s news release, please contact:

Darcie Giacchetto
Spaulding Thompson & Associates

Essex Realty Group Brokers the Sale Of Retail Strip Center In Chicago, IL

Doug Fisher
 CHICAGO, IL- Essex Realty Group, Inc. is pleased to announce the sale of 11111-19 179th Street, a 6,015 square foot strip center located in Orland Park, Illinois, approximately 25 miles southwest of Chicago’s central business district. 

The property is situated close to the high-traffic intersection of Wolf Road and 179th Street and benefits from its close proximity to national retailers such as Jewel-Osco, Walgreens, Jimmy John’s and Starbucks.

Matt Welke
The property is a single-story, free-standing building containing two (2) commercial spaces measuring 1,215 square feet and 4,800 square feet, and includes approximately 34 exterior parking spaces.  Currently, the 1,215 square foot space is occupied by Great Clips.  The adjacent space was previously occupied by a Blockbuster video store.

 Doug Fisher and Matt Welke of Essex were the brokers in the transaction.  The price was approximately $650,000.

11111-19 179th Street, Orland Park, IL
 Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area.


Douglas Fisher
Essex Realty Group, Inc.