Bedrosians Tile & Stone Continues Socal Expansion

6 Dec, 2006, Orange County, CA

One of the largest ceramic tile and stone distributors in the U.S. acquires Costa Mesa building

In a series of recent business expansions and consolidations, Bedrosians Tile & Stone has acquired a 35,920-square-foot building at 3120 Airway Avenue in Costa Mesa, California. Jeff Chiate and Rick Ellison from Cushman & Wakefield’s Orange County office represented Bedrosians in the transaction value at $5.6 million. The seller, Prudential, was represented by Chiate and Ellison and Rooney Daschbach and Bret Quinlan from Cushman & Wakefield’s Los Angeles South Bay office.

3120 Airway is the former headquarters of White Cap, a California-based construction supplies distributor. Bedrosians will use the newly-acquired facility as one of its distribution centers for Southern California.

Among Bedrosians’ other acquisitions is the 375,000-square-foot warehouse facility at 1515 Winston Road in Anaheim, which the company acquired in 2005 for $24 million.

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Cushman & Wakefield is the world’s largest privately held real estate services firm. Founded in 1917, the firm has 192 offices in 58 countries around the globe, and 11,000+ talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. C&W also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-213-955-5100, or visit the firm’s Web site at www.cushmanwakefield.com.

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