Skip Ribbon Commands
Skip to main content

News release

IRVINE, CA

JLL Completes Sale of Land Parcel in Orange County's Airport Area

Owner/User buyer plans to develop state-of-the-art R&D/manufacturing facility


IRVINE, CA, Jan. 22, 2015JLL announced today that it has completed the sale of a highly coveted four-acre parcel of land in Irvine, California to Simga Trident, LLC (Sivax North America, Inc).  Simga Trident, LLC, plans to develop a state-of-the-art R&D/manufacturing facility on the land at the northwest corner of Deere Avenue and Aston, one of the last remaining developable parcels in Orange County's Airport Submarket.  Sigma Trident, LLC is an entity of Sivax North America, Inc., a Japanese firm who is a world leader in the design, manufacturing and sale of bodies for automobiles and industrial modeling. The buyer will be utilizing local Newport Beach construction firm, Westwing Corporation, to develop the property.

JLL Orange County Associate Matt Christensen, Senior Vice President Luke McDaniel and Senior Vice President Cameron Driscoll represented the buyer.  Newmark Grubb Knight Frank represented the seller, PSIP WR Red Hill, LLC (Western Realco). 

"The buyer sought a highly specialized building in an A+ location." said Christensen.  "Constructing a building for their specialized needs proved to be the best alternative.  The Orange County industrial market has very limited inventory coupled with the older nature of existing buildings, few existing properties could accommodate today's high-end design and manufacturing needs."

For more news, videos and research resources on JLL, please visit the firm's U.S. media center Web page. Bookmark it here: http://j.mp/1059xCv.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4.0 billion and gross revenue of $4.5 billion, JLL has more than 200 corporate offices, operates in 75 countries and has a global workforce of approximately 53,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.0 billion square feet, or 280.0 million square meters, and completed $99.0 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $53.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.