1. 332 ORANGE COUNTY BUSINESS JOURNAL Local breaking news: www.ocbj.com JUNE 1, 2015
SWAlloy Wheels, a manufacturer of
high-end custom wheels, has sold its
Huntington Beach headquarters as it
gears up for a move to a larger location in
Brea.
The privately held company recently com-
pleted the sale of 14462 Astronautics Drive, a
62,639-square-foot industrial building near
the Huntington Beach operations of Boeing
Corp.
An affiliate of another Huntington Beach-
based manufacturer, Zadro Products Inc.,
paid about $10 million for the building, ac-
cording to brokers with the Irvine office of
JLL who worked on the deal.
“Orange County is ex-
periencing extremely low
vacancy, which is driving
up rental rates” and for-
sale prices, said JLL senior
vice president Steve Wag-
ner, who represented
TSWAlloy Wheels in the
sale.
“With strong demand
and very little available
product, we were able to
secure market leading pricing of $160 per
square foot,” he said.
The purchasing affiliate, ZZ Partners LP,
was represented by Mike Bouma and Paul
Caputo of Voit Real Estate Services.
Zadro makes fogless and vanity mirrors and
other beauty-related products.
The company currently operates out of a
41,500-square-foot facility on Argosy Avenue
that’s listed for sale at $6.3 million, according
T
Zadro Products Snaps Up
TSW’s Old Headquarters
Wheel Maker Rolls Into Brea, Sells Surf City HQ
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to CoStar Group Inc. records.
TSW will move its operations to one of
three new industrial buildings in Brea re-
cently developed by Newport Beach-based
Western Realco.
TSW purchased a 155,000-square-foot
building at 3172 Nasa St., near the headquar-
ters of Brea-based Suzuki Motor and the La
Floresta mixed-use development, for an esti-
mated $21 million.
It’s the largest of the three new buildings at
the development, which totals about 365,000
square feet.
Mega Lease
Irvine-based Sares-Regis Group has
found a tenant for a big industrial facility it
built in the Riverside County city of Perris.
Gardena-based retailer National Stores
Inc. recently signed a 10-year lease for the
579,708-square-foot distribution building.
The lease is valued at $26 million, the devel-
oper said.
National Stores plans to relocate its re-
gional distribution operations from San
Diego to the facility at 3900 Indian Ave., ac-
cording to Larry Lukanish, senior vice pres-
ident of Sares-Regis’commercial
development division.
National Stores operates 325 shops in 22
states and Puerto Rico as Fallas Paredes, Fal-
las Discount stores, Fallas Kids stores and
Factory 2U. The merchandiser sells brand-
name and private-label clothing, along with
shoes and home decor.
Sares-Regis is building out 12,600 square
feet of the facility as office space for National
Stores, Lukanish said.
The developer announced in 2013 that it
was starting the project, which sits near the
former March Air Force Base. The project is
located on 28.8 acres next to the 215 Freeway
and is near big distribution facilities used by
Whirlpool, Hanesbrands Inc., Home
Depot, Lowe’s and Ross Dress for Less.
The new building has 109 dock-high doors
and secured parking for 138 trailers, among
other features.
Sares-Regis said in 2013 that the project
would cost about $40 million.
Vegas Buy
Irvine-based apartment investor Bascom
Group LLC has bought another rental com-
plex in Las Vegas, this time for a property that
caters to seniors.
The company said it paid a little under $10.4
million for Boulder Palms Senior Apartments,
a 182-unit complex on the eastern edge of the
city. That’s about $57,000 per unit.
Debt financing for the deal was provided by
Irvine-based One West Bank, according to
Bascom.
It’s “our eighth acquisition in the Las Vegas
Valley in the past [20] months,” Bascom Senior
Vice President Lee Nguyen said in a statement.
“We are excited to continue our expansion here
as the market continues to recover.”
The two-story complex, completed in 1997,
covers 4 acres and is near a number of area
medical facilities, according to the buyers.
REAL ESTATE
Mark Mueller
14462 Astronautics Drive: sold for about $10 million