Coldwell Banker Commercial REP Brokers $6.8 Million Sale of Xerox Corp.'s El Segundo, Calif. Facility.Business Editors NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif.--(BUSINESS WIRE)--Feb. 2, 2004 Coldwell Banker Commercial(R) REP, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Real Estate Partners Inc., has brokered the $6,800,000 sale of a 42,000+/- square-foot office building located at 2355 Utah Avenue in El Segundo El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and . The facility is wholly occupied by the Xerox Corp. on a triple net basis. The buyer was a private group represented by David Oden and Tom Thompson of Coldwell Banker Commercial REP. Grubb & Ellis represented the seller, Layton-Belling of Newport Beach. "This transaction is the most recent in a series of acquisitions for this client," stated Oden. "Xerox has been a long-term tenant at this location and has agreed to favorable lease terms, making the acquisition a very appealing investment to our client." "Successful investments in office and industrial properties require experience and specific market expertise," remarked Thompson. "As part of the worldwide Coldwell Banker Commercial(R) network, we are able to provide sophisticated brokerage services to clients with specialized requirements. This transaction further substantiates our position as experts in this field." About Coldwell Banker Commercial REP Coldwell Banker Commercial REP has been serving the Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, area for many years and is renowned for its integrity, professionalism and customer service. With over 24 associates and an excellent support staff, Coldwell Banker Commercial REP has hundreds of years of combined experience years in real estate. The company's client list includes GE Capital, Lend Lease, Ford Motor Co., Samsung, DaimlerChrysler, Ralphs Grocery Co., Albertson's and many of the Fortune 500 companies. Trained in proprietary courses through Coldwell Banker University, the most comprehensive educational program in the industry, the company's professionals are empowered to provide their clients with expertise, dedication and up-to-the-minute market data. Coldwell Banker Commercial REP is an integral part of the Southern California business community, with offices in Newport Beach and Irvine, Calif. The company also sponsors Children's Hospital A children's hospital is a hospital which offers its services exclusively to children. The number of children's hospitals proliferated in the 20th century, as pediatric medical and surgical specialties separated from internal medicine and adult surgical specialties. of Orange County, The Susan G. Komen Breast Cancer Foundation, Habitat for Humanity Habitat for Humanity, nonprofit ecumenical Christian organization that enables low-income people to own affordable, livable housing. Headquartered in Americus, Ga., it was founded in 1976 by businessman Millard Fuller and his wife. , as well as other charities. For more information, call 877-844-4040 toll free or visit www.cbcrepca.com. About Real Estate Partners Real Estate Partners Inc. is a privately held real estate investment services firm specializing in the acquisition, repositioning repositioning Laparoscopic surgery The changing of a Pt's position during a procedure to improve access or visualization of the operative field, which may be linked to complications, as it changes anatomic planes of operation. Cf Laparoscopic surgery. and management of under-performing properties. The company owns and operates Orange Coast Commercial Inc. DBA Coldwell Banker Commercial REP, providing access to a network of over 300 affiliate offices around the country with a 90-year history and an established reputation for high quality service. The principals and officers of Real Estate Partners are creative, experienced commercial real estate and real estate finance professionals who are dedicated to maximizing investor value through strategic acquisitions, key partnerships and a suite of management services. For more information, call 877-915-3297 toll free or visit www.realestatepartnersinc.com. The Coldwell Banker Commercial system has more than 500 commercial real estate offices with more than 3,000 sales associates throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , Europe, Africa, Asia and Australia. The Coldwell Banker Commercial system is an industry leader in providing commercial real estate solutions, serving the needs of tenants, landlords, sellers and buyers in the leasing, acquisition, disposition and management of all property types. Coldwell Banker Real Estate Corp. is a subsidiary of Cendant Corp. (NYSE NYSE See: New York Stock Exchange : CD). Each office is independently owned and operated except offices owned and operated by NRT NRT Nicotine Replacement Therapy NRT Norm-Referenced Test NRT near real time NRT Non-Real-Time NRT National Response Team NRT Tokyo, Japan - Narita (Airport Code) NRT Net Registered Tonnage Inc. Note to Editors: Coldwell Banker Commercial(R) is a registered trademark licensed to Coldwell Banker Real Estate Corp. |
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