SOURCE: SARES REGIS Group

SARES REGIS Group

June 23, 2011 18:31 ET

SARES REGIS Group Sells Last LEED Gold Building in Anaheim, Calif., to Local Aerospace Manufacturer

IRVINE, CA--(Marketwire - Jun 23, 2011) - SARES REGIS Group sold the last of three LEED Gold industrial buildings the company developed last year in Anaheim to a local manufacturer of precision aerospace products seeking a larger facility.

California Manufacturing Inc. purchased the new 31,744-square-foot building for $4.3 million, closing out the project, said Larry Lukanish, senior vice president in SRG's Commercial Investment Division in Irvine.

SRG sold the first two buildings before the 120,000-square-foot Canyon Point project was completed late last year. The three buildings on 6.2 acres were the first speculative industrial facilities built in Orange County to earn the United States Green Building Council's LEED Gold rating.

SARES REGIS Group was represented in the sale of the building at 1290 Miller Street by Brad Bierbaum in the Anaheim office of CB Richard Ellis. California Manufacturing was represented by David Williams at Lee & Associates' Anaheim office.

SARES REGIS Group is headquartered in Irvine, Calif. It is one of the leading developers and managers of commercial and residential real estate in the western United States. Currently, the company has more than 3 million square feet of commercial industrial in the entitlement process and 1,900 residential units in pre-construction and development. SARES REGIS Group has a combined portfolio of property and fee-based assets under management valued at more than $4 billion, including 15 million square feet of commercial and industrial space and 16,180 rental apartments. Since its inception the company has acquired or developed approximately 44 million square feet of commercial properties and 19,000 multifamily and residential housing units. For more information, go to www.sares-regis.com.

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