The LA Deal
In a sale-leaseback transaction, BLT Enterprises has acquired a 40,600 SF industrial building in Irvine from Ceradyne for $8.9M. Built in 1969, the industrial building sits on a 1.9-acre lot at 17466 Daimler St. Ceradyne is a ceramic manufacturer and subsidiary of 3M. Lee & Associates’ Weston Dunlap and Brad McCoy represented the buyer. Cresa Phoenix represented the seller.