Glidewell Dental Ceramics, Inc. signs 40,645 square-foot, 10-year lease with BLT Enterprises for industrial building in Irvine, CA

Lisa Tamayo

 Irvine, CA – BLT Enterprises, a multi-faceted real estate investment company, has successfully secured the long-term, 10-year lease of its 40,645 square-foot industrial building in the Central Orange County submarket of Irvine, California, after acquiring the property in the third quarter of 2020.

 The tenant, Glidewell Dental Ceramics, Inc., is an industry leader in providing dental lab products and services.

Allison Kelly 

“This long-term lease reflects the strength of the property’s fundamentals, BLT’s commitment to our comprehensive renovation plan, and of the industrial market as a whole,” says Lisa Tamayo, Vice President of Real Estate at BLT Enterprises.

 “Buoyed by the strongest industrial demand in Orange County within six years, the property attracted robust tenant interest based on its inherent value and on the high-quality, strategic improvements BLT is implementing throughout the asset, which positioned the building as the right fit for Glidewell’s needs.”

Grant Labounty 

 The property, which is situated in close proximity to John Wayne airport, is located at 17466 Daimler Street in Irvine, California.

 Grant Labounty and Justin Smith of Lee & Associates represented BLT Enterprises as the lessor in the approximately $6 million transaction.

Allison Kelly of CBRE represented Glidewell as the lessee.

 As a multinational conglomerate, Glidewell provides dental professionals with high-quality dental lab products, services, technology, and education that helps to simplify treatment, optimize results, and improve the lives of customers and their patients.

Justin Smith

 BLT Enterprises specializes in acquiring, renovating, and transforming existing industrial, office, and flex buildings into assets that appeal to today’s tenants.

 “BLT focuses on serving as a ‘lifetime landlord’ to our tenants; a concept through which we create environments where companies have the opportunity to evolve and expand within our portfolio of properties,” says Tamayo

 “Our depth of experience working closely with industrial users gives us unique insights into the needs of today’s tenants, and how those needs are evolving.

 "We draw upon that knowledge to strategically upgrade and customize properties, enhancing the overall value of each asset and delivering deep long-term value to both BLT and our tenant customers.”

 

 CONTACTS:

Katie Haga/Elisabeth Manville

Brower Group

(949) 438-6262

khaga@brower-group.com