Wheel Maker Rolls Into Brea, Sells Surf City HQ
BY Mark Mueller
Zadro Products Snaps Up TSW’s Old Headquarters
TSW Alloy Wheels, a manufacturer of high-end custom wheels, has sold its Huntington Beach headquarters as it gears up for a move to a larger location in Brea.
The privately held company recently completed the sale of 14462 Astronautics Drive, a 62,639-square-foot industrial building near the Huntington Beach operations of Boeing Corp.
An affiliate of another Huntington Beach based manufacturer, Zadro Products Inc., paid about $10 million for the building, according to brokers with the Irvine office of JLL who worked on the deal.
“Orange County is experiencing extremely low vacancy, which is driving up rental rates” and for sale prices, said JLL senior vice president Steve Wagner, who represented TSW Alloy Wheels in the sale.
“With strong demand and very little available product, we were able to secure market leading pricing of $160 per square foot,” he said.
The purchasing affiliate, ZZ Partners LP, was represented by Mike Bouma and Paul Caputo of Voit Real Estate Services. Zadro makes fogless and vanity mirrors and other beauty-related products.
The company currently operates out of a 41,500-square-foot facility on Argosy Avenue that’s listed for sale at $6.3 million, according to CoStar Group Inc. records.
TSW will move its operations to one of three new industrial buildings in Brea recently developed by Newport Beach-based Western Realco.
TSW purchased a 155,000-square-foot building at 3172 Nasa St., near the headquarters of Brea-based Suzuki Motor and the La Floresta mixed-use development, for an estimated $21 million.
It’s the largest of the three new buildings at the development, which totals about 365,000 square feet.
Irvine-based Sares-Regis Group has found a tenant for a big industrial facility it built in the Riverside County city of Perris.
Gardena-based retailer National Stores Inc. recently signed a 10-year lease for the 579,708-square-foot distribution building. The lease is valued at $26 million, the developer said.
National Stores plans to relocate its regional distribution operations from San Diego to the facility at 3900 Indian Ave., according to Larry Lukanish, senior vice president of Sares-Regis’ commercial development division.
National Stores operates 325 shops in 22 states and Puerto Rico as Fallas Paredes, Fallas Discount stores, Fallas Kids stores and Factory 2U. The merchandiser sells brandname and private-label clothing, along with shoes and home decor.
Sares-Regis is building out 12,600 square feet of the facility as office space for National Stores, Lukanish said.
The developer announced in 2013 that it was starting the project, which sits near the former March Air Force Base. The project is located on 28.8 acres next to the 215 Freeway and is near big distribution facilities used by Whirlpool, Hanesbrands Inc., Home Depot, Lowe’s and Ross Dress for Less.
The new building has 109 dock-high doors and secured parking for 138 trailers, among other features.
Sares-Regis said in 2013 that the project would cost about $40 million.
Irvine-based apartment investor Bascom Group LLC has bought another rental complex in Las Vegas, this time for a property that caters to seniors.
The company said it paid a little under $10.4 million for Boulder Palms Senior Apartments, a 182-unit complex on the eastern edge of the city. That’s about $57,000 per unit.
Debt financing for the deal was provided by Irvine-based One West Bank, according to Bascom.
It’s “our eighth acquisition in the Las Vegas Valley in the past  months,” Bascom Senior Vice President Lee Nguyen said in a statement. “We are excited to continue our expansion here as the market continues to recover.”
The two-story complex, completed in 1997, covers 4 acres and is near a number of area medical facilities, according to the buyers.