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| DAUM Commercial helps lease 101,663 SF class A industrial development in Orange County, CA to two nationally recognized credit tenants |
ANAHEIM,
CA and PLACENTIA, CA – DAUM Commercial Real Estate Services recently
completed the leases of two industrial buildings totaling 101,663 square feet
of industrial space in Orange County, California on behalf of the lessor, a
joint venture formed by Panattoni Development Company,
Inc. and a fund represented by Principal Real
Estate Investors.
Moving
equipment and storage rental company U-Haul International, Inc. will
occupy a 53,850 square-foot warehouse, while industrial and housing materials
manufacturer and distributor LG Hausys America, Inc.,
a division of the globally recognized LG brand, will occupy a 47,813
square-foot warehouse.
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| U-Haul has leased this 53,850-SF building at 1367 South Van Buren Street in Anaheim, CA |
Both the
free-standing buildings are part of Orange County Commerce Center, a Class A
industrial development completed in 2019.
The new tenants
join Rakuten Super Logistics and Beacon Roofing Supply at the four-building
project, which totals 232,000 square feet and is located on 10 acres on the
border of Anaheim and Placentia, California, according to DAUM’s Executive Vice
President Chris Migliori.
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| LG Hausys America Inc., a division of the globally recognized LG brand, will occupy a 47,813 SF building at 711 South Van Buren Street in Placentia, CA |
“Orange County
has become one of
the tightest industrial markets in the United
States due to its prime location near Los Angeles, the Inland Empire, and major
ports,” explains Migliori, who arranged the leases along with fellow DAUM
Executive Vice President Paul Gingrich.
“The full
lease-up of this project within months of completion speaks to the successful
execution of the developer’s strategy. The modern amenities and superb quality
of these facilities meet this high demand for well-located, well-appointed
space suited for mid- and large-size industrial users.”
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| Chris Migliori |
Migliori notes
the caliber of the four nationally recognized credit tenants leasing space at
the Orange County Commerce Center demonstrates the project’s strength as one of
the best industrial developments the market has to offer.
According to Jacob
LeBlanc, Partner at Panattoni: “The Orange County Commerce Center is
positioned in an ideal location that not only provides convenient access to
several major freeways and the ports of Los Angeles and Long Beach, but is in
close proximity to many prominent companies and residential neighborhoods,
optimizing the moving service and distribution operations of the new tenants.”
These two most
recent leases are a culmination of several years of successful partnership with
DAUM Commercial, notes LeBlanc. Migliori and Gingrich helped the developer
acquire the land, a former strawberry farm, in 2017, and were the exclusive
listing agents.
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| Paul Gingrich |
U-Haul signed a
five=year lease of the building located at 1367 S. Van Buren Street in Anaheim and
includes more than 8,150 square feet of two-story executive office space, 2.355
net acres of land, six dock-high loading doors with Z-Guards, one grade-level
loading door, and 87 parking stalls.
LG Hausys
signed a 7-year lease of the building located at 711 S. Van Buren Street in
Placentia and includes 6,995 square feet of two-story executive office, 2.051
net acres of land, five dock-high loading doors, one grade-level loading door,
and 69 parking stalls.
Each building
features 30’ minimum warehouse clearance height, an 800-amp main switchgear
with 2,000-amp UGPS, an ESFR sprinkler system, a fully secured and gated truck
court/yard, 100% concrete truck court and auto parking areas, painted interior
walls, white scrim foil, painted columns, and 3.0% skylights.
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| Jacob LeBlanc |
The development
is situated in close proximity to five major freeways (Interstate 5, State Routes
91, 57, 55, and 241 Toll Road) and the Anaheim Canyon Metrolink System.
The project
also boasts several corporate neighbors, including The Walt Disney Company,
Time Warner Cable, Kaiser Permanente, and PacSun, among others.
Contacts:
Katie Haga / Elisabeth Manville
Brower Group
(949) 438-6262
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