June 22, 2016
CBRE Group, Inc. completed the sale of an industrial building in Orange County to CTS Cement Manufacturing Corporation. The 58,303-square-foot industrial property, located at 12442 Knott St. in Garden Grove, CA, was an off-market acquisition.
The high-image industrial building will serve as a corporate headquarters for the growing company. This highly visible corner building has immediate access to the 22, 405 and 605 freeways and ample parking.
CBRE’s Brad Schneider and Bob Goodmanson represented the buyer. The seller, Irvine, CA-based LBA Realty, was self represented in the transaction.
Schneider says, “Due to the record low vacancy in West Orange County, there are very few building sales in this size range.”