Cushman & Wakefield Represents Prudential Real Estate Investors in Sale of 296,019-Sf Industrial Property
5 May, 2009, Santa Ana, CA
Cushman & Wakefield today announced the sale of the Santa Ana Distribution Center, a 296,000-square-foot property located at 1801-1995 S. Standard Ave. in Santa Ana, Calif.
The sale, from Prudential Real Estate Investors to KTR Capital Partners, is the first major industrial sale in Orange County since late 2008, according to Real Estate Analytics. The building, which is occupied primarily by Behr Process Corp., a wholly-owned subsidiary of Masco, is a distribution facility located on S. Standard Avenue at the cross street of E. Edinger Avenue.
Cushman & Wakefield represented Prudential Real Estate Investors in the sale. The Cushman & Wakefield brokerage professionals involved in the sale were Jeffrey Cole, Ed Hernandez, Jeff Chiate and Rick Ellison.
“This transaction demonstrates that there is still a market for stabilized, institutional-quality industrial assets in resilient and well-located markets,” said Executive Director Jeffrey Cole.
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Cushman & Wakefield is the world's largest privately held commercial real estate services firm. Founded in 1917, it has 230 offices in 58 countries and 15,000 employees. The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies. It offers a complete range of services within four primary disciplines: Transaction Services, including tenant and landlord representation in office, industrial and retail real estate; Capital Markets, including property sales, investment management, valuation services, investment banking, debt and equity financing; Client Solutions, including integrated real estate strategies for large corporations and property owners, and Consulting Services, including business and real estate consulting. More information about Cushman & Wakefield Apartment
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