For More Information:
Donna Hahn
Hahn Communications
(949) 458-3983
donna@hahnmarketing.com
WESTERN STATES TECHNOLOGIES INC. QUICKENS PACE
WITH NINTH IRVINE SPECTRUM PROPERTY
IRVINE, CALIF. – Western States Technologies Inc. has added
yet another Irvine Spectrum property to its portfolio. The Irvine, Calif.,
office of the Los Angeles-based real estate investment firm recently acquired
15363 Barranca Pkwy. for $6.7 million from Nikken Inc. The purchase represents
Western States Technologies’ ninth investment in the Irvine Spectrum – the
company’s second Spectrum acquisition since the first of the year. The company
holds 13 Irvine properties overall.
Constructed in 1995, the 53,360-square-foot, corporate headquarters building
features a striking contemporary design with a semi-circular front façade
composed of reflective glass and concrete pillars extending to a circular
courtyard. The structure’s interior space is demised equally into corporate
office space and warehouse use and offers an 87-ton HVAC system. Four dock-high
and two ground-level loading positions are located at the rear of the building.
The facility is currently 100 percent occupied by Roland DGA Corp. The $140
million a year company is a worldwide leader in the sign, graphic arts, fine
art, photography, engraving and 3D modeling industries.
According to Todd Miller, vice president of Western States Technologies, the
company remains highly interested in the Irvine Spectrum, in addition to other
key submarkets in Orange, Los Angeles, Riverside, San Diego, San Bernardino
and Ventura counties.
“We specialize in the acquisition of single tenant industrial properties and
office buildings as well as properties with a minimum of 10,000 square feet
of divisible space,” Miller explained. “While our Orange County office has
had significant success in acquiring well-located properties in the Irvine
area, we remain open to similar product types in different regions that are
well designed and offer long-term leases.”
Western States Technologies was represented by Trent Walker of Voit Commercial
Brokerage’s Irvine office. Nikken Inc. was represented by Stan Mullin through
the Newport Beach, Calif., office of Grubb & Ellis.
Western States Technologies was established in 1985. The company concentrates
on the successful development, acquisition and rehabilitation of industrial
and office properties. Currently, Western States Technologies owns and manages
a mixed-use portfolio totaling more than one million square feet in Los Angeles,
Orange, Riverside, San Bernardino and San Diego counties. The company is actively
pursuing property acquisitions and developments in the $500,000 to $8 million
range.
Western States Technologies’ tenants include such global business leaders
as Baxter Pharmaceutical, Dow Chemical, Gerber Technologies, International
Paper, Jacuzzi, Kaiser Aerospace, MCI WorldCom, Mikasa, Oakley, R.C. Cola,
Rockwell International and Union Carbide, among others. By incorporating its
strong, hands-on asset management approach, the company has averaged occupancy
rates of more than 98 percent portfolio-wide over the past seven years. For
more information, visit the company’s Web site at www.westernstatestech.com.
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