{"id":1004549201,"date":"2021-09-01T04:57:58","date_gmt":"2021-09-01T12:57:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004549201"},"modified":"2022-12-08T09:59:37","modified_gmt":"2022-12-08T17:59:37","slug":"blt-lands-orange-county-full-building-tenant","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blt-lands-orange-county-full-building-tenant\/","title":{"rendered":"BLT Lands Orange County Full-Building Tenant"},"content":{"rendered":"<div id=\"attachment_1004549203\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/17466-Daimler-St-e1630403611578.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004549203\" data-attachment-id=\"1004549203\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/blt-lands-orange-county-full-building-tenant\/17466-daimler-st\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/17466-Daimler-St-e1630403611578.jpg\" data-orig-size=\"760,571\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"17466 Daimler St. Image courtesy of BLT Entreprises\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;17466 Daimler St. Image courtesy of BLT Entreprises&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/17466-Daimler-St-e1630403611578.jpg?w=760\" class=\"wp-image-1004549203 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/17466-Daimler-St-e1630403611578.jpg?w=300\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/17466-Daimler-St-e1630403611578.jpg 760w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/17466-Daimler-St-e1630403611578.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004549203\" class=\"wp-caption-text\">17466 Daimler St. Image courtesy of BLT Enterprises<\/p><\/div>\n<p>Dental products provider Glidewell Dental Ceramics has signed a 10-year, 40,650-square-foot lease with landlord BLT Enterprises for a single-tenant industrial building in Irvine, Calif. The value of the contract reaches approximately $6 million. Lee &amp; Associates worked on behalf of the owner, while CBRE represented the tenant.<\/p>\n<p>BLT acquired the property in the second half of last year for $8.9 million, according to CommercialEdge data. The former owner, manufacturer of defense and technological ceramic products Ceradyne Inc., operated at the facility from 2002 until British manufacturer Avon Protection acquired the company in 2020.<\/p>\n<p>The property at 17466 Daimler St. is within a mile of the McArthur Medical Campus and the Edwards Lifesciences Corp. headquarters. John Wayne Airport is some 3 miles from the facility, while the ports of Los Angeles and Long Beach are some 30 miles west.<\/p>\n<p>In line with the company\u2019s strategy of repositioning assets, BLT implemented an extensive capital improvement program to the 1969-built facility. The renovations, paired with Orange County\u2019s strong industrial fundamentals, contributed to the company securing the long-term tenant, BLT Vice President of Real Estate Lisa Tamayo said in prepared remarks.<\/p>\n<p>The Lee &amp; Associates team that represented the landlord included Senior Vice President Justin Smith and Associate Grant LaBounty, while CBRE Senior Vice President Allison Kelly arranged the transaction on behalf of the tenant.<\/p>\n<h2>Orange County industrial in high demand<\/h2>\n<p>Orange County\u2019s recent industrial performance has been the strongest in six years, with a net absorption of 1.1 million square feet in the second quarter, according to recent Lee &amp; Associates research.<\/p>\n<p>Land scarcity and elevated demand kept continued to keep rents high across Orange County. The average rate reached $11.41 per square foot as of July, the highest across major markets, a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-construction-ramps-up\/\">CommercialEdge report<\/a> shows. Meanwhile, as the county&#8217;s pipeline continues to lag, rent growth should remain healthy.<\/p>\n<p>As of July, Orange County also registered a healthy 4.0 percent industrial vacancy rate, a 10-basis-point increase compared to the previous month, but still below the 5.8 percent U.S. figure, the same report shows. The Inland Empire kept the top spot with a tight 1.4 percent vacancy, followed by Nashville (2.0 percent) and Indianapolis (2.4 percent).<\/p>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lee &amp; Associates and CBRE helped close the agreement valued at $6 million.<\/p>\n","protected":false},"author":1366,"featured_media":1004549203,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21748,1594,21742,15],"tags":[35361,32789,32762],"class_list":["post-1004549201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-industrial","category-los-angeles","category-latest","category-west","tag-blt-enterprises","tag-cbre","tag-lee-associates"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BLT Lands Orange County Full-Building Tenant - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/blt-lands-orange-county-full-building-tenant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BLT Lands Orange County Full-Building Tenant\" \/>\n<meta property=\"og:description\" content=\"Lee &amp; Associates and CBRE helped close the agreement valued at $6 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/blt-lands-orange-county-full-building-tenant\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-01T12:57:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T17:59:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/17466-Daimler-St-e1630403611578.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"760\" \/>\n\t<meta property=\"og:image:height\" content=\"571\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ioana Muresan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blt-lands-orange-county-full-building-tenant\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/blt-lands-orange-county-full-building-tenant\/\",\"name\":\"BLT Lands Orange County Full-Building Tenant - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blt-lands-orange-county-full-building-tenant\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blt-lands-orange-county-full-building-tenant\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/17466-Daimler-St-e1630403611578.jpg\",\"datePublished\":\"2021-09-01T12:57:58+00:00\",\"dateModified\":\"2022-12-08T17:59:37+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/03646a053de86ceb3a62b2e43105f49d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blt-lands-orange-county-full-building-tenant\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/blt-lands-orange-county-full-building-tenant\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blt-lands-orange-county-full-building-tenant\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/17466-Daimler-St-e1630403611578.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/17466-Daimler-St-e1630403611578.jpg\",\"width\":760,\"height\":571,\"caption\":\"17466 Daimler St. Image courtesy of BLT Entreprises\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blt-lands-orange-county-full-building-tenant\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BLT Lands Orange County Full-Building Tenant\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/03646a053de86ceb3a62b2e43105f49d\",\"name\":\"Ioana Muresan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/72ec6d9e0b7a2f0702332bd7aa5cf68de303b7080bf58da80037e46ada183c39?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/72ec6d9e0b7a2f0702332bd7aa5cf68de303b7080bf58da80037e46ada183c39?s=96&d=mm&r=g\",\"caption\":\"Ioana Muresan\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/ioanamuresan\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"BLT Lands Orange County Full-Building Tenant - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/blt-lands-orange-county-full-building-tenant\/","og_locale":"en_US","og_type":"article","og_title":"BLT Lands Orange County Full-Building Tenant","og_description":"Lee &amp; Associates and CBRE helped close the agreement valued at $6 million.","og_url":"https:\/\/www.commercialsearch.com\/news\/blt-lands-orange-county-full-building-tenant\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2021-09-01T12:57:58+00:00","article_modified_time":"2022-12-08T17:59:37+00:00","og_image":[{"width":760,"height":571,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/17466-Daimler-St-e1630403611578.jpg","type":"image\/jpeg"}],"author":"Ioana Muresan","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/blt-lands-orange-county-full-building-tenant\/","url":"https:\/\/www.commercialsearch.com\/news\/blt-lands-orange-county-full-building-tenant\/","name":"BLT Lands Orange County Full-Building Tenant - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/blt-lands-orange-county-full-building-tenant\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/blt-lands-orange-county-full-building-tenant\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/17466-Daimler-St-e1630403611578.jpg","datePublished":"2021-09-01T12:57:58+00:00","dateModified":"2022-12-08T17:59:37+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/03646a053de86ceb3a62b2e43105f49d"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/blt-lands-orange-county-full-building-tenant\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/blt-lands-orange-county-full-building-tenant\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/blt-lands-orange-county-full-building-tenant\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/17466-Daimler-St-e1630403611578.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/17466-Daimler-St-e1630403611578.jpg","width":760,"height":571,"caption":"17466 Daimler St. Image courtesy of BLT Entreprises"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/blt-lands-orange-county-full-building-tenant\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"BLT Lands Orange County Full-Building Tenant"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/03646a053de86ceb3a62b2e43105f49d","name":"Ioana Muresan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/72ec6d9e0b7a2f0702332bd7aa5cf68de303b7080bf58da80037e46ada183c39?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/72ec6d9e0b7a2f0702332bd7aa5cf68de303b7080bf58da80037e46ada183c39?s=96&d=mm&r=g","caption":"Ioana Muresan"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/ioanamuresan\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/17466-Daimler-St-e1630403611578.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004549201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1366"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004549201"}],"version-history":[{"count":7,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004549201\/revisions"}],"predecessor-version":[{"id":1004614064,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004549201\/revisions\/1004614064"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004549203"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004549201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004549201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004549201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}