9/11/2008

Tustin, Calif., industrial park brings $28M

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The Tustin Business Center, an 11-building industrial business park in Tustin, Calif., has been acquired by Tustin Business Center, LLC, for $28 million from HB Tustin Franklin, LLC.

Michael Hartel, Kevin Turner, Trent Walker and Mark Weeks of Voit Commercial Brokerage represented the buyer while Jim Morrison of Morrison Co. handled the negotiations for the seller.

The business center is located at 14712-14662 Franklin Ave., within the Irvine Business Complex. The IBC is made up of more than 4,500 companies and 110,000 employees. Situated on 10.18 acres, it contains 156,991 square feet. The transaction marks the largest industrial investment sale within the IBC this year, according to Hartel.

Address: 14712-14662 Franklin Ave., Tustin, Calif.

Size: 156,991 square feet

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Filed Under: Industrial

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