ANAHEIM, Calif. – January 22, 2024 – CBRE’s Ben Seybold, Sean Ward and Jeff Pion represented the landlord, The Bradmore Group, in negotiating a lease of 270 East Palais Road, a 95,178-square-foot distribution center, in Anaheim, Calif.
The tenant, Little Buddy Toys, an Orange County-based toy distribution company, is relocating their headquarters to Anaheim. Brad Schneider of Lee & Associates represented Little Buddy Toys.
“The new Class A industrial building was leased and occupied at the completion of construction with virtually zero downtime for the landlord,” said Mr. Seybold, executive vice president at CBRE, of the new lease.
The Class A new industrial building features state-of-the-art design and construction for the distribution company that will occupy the space. The freestanding industrial building features 32-foot clear heights, nine dock-high, and three grade-level doors. The property is situated on 4.71 acres, has a large secured and private yard, and is just east of Interstate 5, providing easy access to Southern California’s key distribution routes.
According to CBRE research, 283,369 square feet of manufacturing and warehouse space in Anaheim was leased in the fourth quarter of 2023. Anaheim sits within North Orange County, which leased over 1.2 million square feet, the most among the entire county, in the fourth quarter.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2022 revenue). The company has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
