{"id":1004644946,"date":"2023-02-10T04:48:10","date_gmt":"2023-02-10T12:48:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004644946"},"modified":"2023-02-10T04:49:21","modified_gmt":"2023-02-10T12:49:21","slug":"greenlaw-partners-pays-58m-for-orange-county-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/greenlaw-partners-pays-58m-for-orange-county-portfolio\/","title":{"rendered":"Greenlaw Partners Pays $58M for Orange County Industrial Portfolio"},"content":{"rendered":"
\"1701<\/a>

1701 S. Lewis St. Image courtesy of JLL<\/p><\/div>\n

Greenlaw Partners<\/strong> has purchased two distribution and warehouse facilities totaling 198,807 square feet in Anaheim, Calif., for $58 million. According to CommercialEdge data, the previous owner was Alden Global Capital<\/strong>. A JLL<\/strong> team negotiated on behalf of the seller.<\/p>\n

Previously occupied by the Orange County Register, the neighboring assets at 1701 and 1771 S. Lewis St. were vacant at the time of sale.<\/p>\n

\n

READ ALSO<\/strong>: Industrial Sector to Maintain Winning Streak in 2023<\/a><\/p>\n

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Completed in 1977 and 1978, the buildings feature 30-foot clear heights and a two-level office build-out component, CommercialEdge shows. The 8.4-acre property also includes an 80- by 150-foot truck court and 230 car parking spaces.<\/p>\n

The last-mile facilities are adjacent to Interstate 5, providing easy access to the larger Southern California freeway network as well as to Los Angeles International Airport, Port of Long Beach and Port of Los Angeles. The 8 Union Pacific and BNSF intermodal rail yards are some 20 miles away.<\/p>\n

JLL Senior Managing Director Mark Detmer, Managing Director Ryan Sitov, Senior Director Ryan Spradling and Associate Makenna Peter represented the seller.<\/p>\n

A solid Orange County industrial investment<\/h2>\n

CommercialEdge data shows the Anaheim portfolio was the largest industrial property to change hands in Orange County since the beginning of the year. In 2022, the market’s industrial transactions totaled only $1.15 billion, way behind the sales recorded in Los Angeles metro ($5.1 billion) and the Inland Empire ($5 billion), according to a recent report from the same data provider.<\/p>\n

Last year, Commercial Property Executive <\/em>highlighted Greenlaw Partners for an intriguing commercial real estate deal. The company, along with Gardner Batt, sold an Amazon-leased industrial portfolio<\/a> for $520 million. The properties in Utah and California totaled nearly 1.2 million square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"

A JLL team negotiated on behalf of the seller.<\/p>\n","protected":false},"author":3006,"featured_media":1004644948,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,34267,15],"tags":[36000,32796],"class_list":["post-1004644946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-orange-county","category-west","tag-greenlaw-partners","tag-jll"],"acf":[],"yoast_head":"\nGreenlaw Partners Pays $58M for Orange County Industrial Portfolio - CPE<\/title>\n<meta name=\"description\" content=\"Greenlaw Partners has paid $58 million for two industrial facilities totaling 198,807 square feet in Anaheim, Calif.\" \/>\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\/greenlaw-partners-pays-58m-for-orange-county-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greenlaw Partners Pays $58M for Orange County Industrial Portfolio\" \/>\n<meta property=\"og:description\" content=\"Greenlaw Partners has paid $58 million for two industrial facilities totaling 198,807 square feet in Anaheim, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/greenlaw-partners-pays-58m-for-orange-county-portfolio\/\" \/>\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=\"2023-02-10T12:48:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-10T12:49:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/1701-S-Lewis-Email.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jordana Rothberg\" \/>\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\/greenlaw-partners-pays-58m-for-orange-county-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/greenlaw-partners-pays-58m-for-orange-county-portfolio\/\",\"name\":\"Greenlaw Partners Pays $58M for Orange County Industrial Portfolio - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greenlaw-partners-pays-58m-for-orange-county-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greenlaw-partners-pays-58m-for-orange-county-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/1701-S-Lewis-Email.jpg\",\"datePublished\":\"2023-02-10T12:48:10+00:00\",\"dateModified\":\"2023-02-10T12:49:21+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/366883c93fc1efde412301ab6a4570f9\"},\"description\":\"Greenlaw Partners has paid $58 million for two industrial facilities totaling 198,807 square feet in Anaheim, Calif.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greenlaw-partners-pays-58m-for-orange-county-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/greenlaw-partners-pays-58m-for-orange-county-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greenlaw-partners-pays-58m-for-orange-county-portfolio\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/1701-S-Lewis-Email.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/1701-S-Lewis-Email.jpg\",\"width\":800,\"height\":620,\"caption\":\"1701 S. 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