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JLL represents nutraceutical company in $8.39 million acquisition of an industrial building in Tustin
IRVINE, CALIF., November 6, 2017 – JLL represented Dongyu OC Properties, a nutraceutical company, in the $8.39 million acquisition of a 37,274-square-foot industrial building located at 14831 Franklin Avenue in Tustin, California. Dongyu OC Properties is relocating to the building from Irvine, California.
JLL Orange County's team of Byron Foss, Wade Tift and Nick Carey represented Dongyu OC Properties in the acquisition. The seller, LBA Realty, was represented by Lee & Associates.
" Dongyu OC Properties wanted to be located in a modern, functional industrial building nearest to its employees that provided room for growth," said Foss. "We went through a thorough evaluation of each market that included everything from a historical and future real estate evaluation analysis to demographics and labor pool studies. Franklin turned out to be the most optimal location for the business because it fit the short and long-term goals of the company. In addition, it provided value as a general real estate investment."
Foss went on to say "As space becomes more and more expensive our clients are challenged to find more ways to cut costs and expenses without compromising the culture and lifestyle of their employees."
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $145 billion. At the end of the third quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of over 80,000. As of September 30, 2017, LaSalle Investment Management had $59.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit ir.jll.com.
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