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Newmark has announced completion of a 111,679-square-foot lease at 3300 East Birch Street, Brea, CA, bringing total occupancy of the state-of-the-art 218,648-square-foot building to 100 percent.
Newmark Executive Managing Directors Jeff Read and Scott Read, and Managing Director Greg Osborne represented the landlord, Newport Beach-based Western Realco, in the transaction with Amore Pacific US, Inc., represented by Chris Destino of Lee & Associates.
AmorePacific US, providing beauty and health solutions, will relocate from its existing location in Corona. The Brea property will be their Southern California headquarters. Newmark also handled leasing for the eastern 106,969-square-feet of the building.
Western Realco is one of the most active developers and investors in Orange County. 3300 East Birch Street represents its 6th successful industrial project in the Brea/Fullerton market over the last several years.
About Western Realco
Western Realco, established in 1972, is a real estate business firm specializing in the development and acquisition of institutional quality industrial and office properties. For the past 47 years, Western Realco, either for its own account or acting as a contract developer for institutional clients, has developed over one hundred (100) buildings with an aggregate square footage in excess of 20,000,000 square feet and more than 650 acres throughout California.
About Newmark
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
Discussion of Forward-Looking Statements about Newmark Group
Statements in this document regarding Newmark Group that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark Group undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark Group’s Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.