Owner/User buyer plans to develop state-of-the-art R&D/manufacturing facility
Irvine, California — JLL 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 50,000-square-foot 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/sale of bodies for automobiles and industrial modeling.
JLL Orange County Associate Matt Christensen, Senior Vice President Cameron Driscoll and Senior Vice President Luke McDaniel represented the buyer. Newmark Grubb Knight Frank represented the seller, PSIP WR Red Hill, LLC.
“Simga Trident, LLC sought to occupy a highly specialized building in an A+ location.” said Christensen. “Constructing its own specialized R&D facility to accommodate the unique requirements of their clients was the best option. The Orange County industrial market is extremely tight with fourth quarter vacancy at 4.1% and very few developable parcels of land especially in the most sought after submarkets.”
Simga Trident, LLC’s acquisition comes on the heels of Public Storage acquiring an adjacent 183,000-square-foot industrial facility from the same seller.
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