SoCal business park changes owners

East Coast investment co. buys property

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Newport Beach-based Koll Bren Schreiber Realty Advisors has sold Ball Road Business Park, a five-building, office/R&D business park totaling approximately 114,000 square feet in Anaheim, Calif. The value of the transaction was $10 million. The asset is located at 701-741 East Ball Road. Tenants at the property include the U.S. Postal Service, Otis Elevator and Bullet Freight Systems. Boston-based TA Associates Realty, a commercial real estate investment firm and pension fund, purchased the property. Voit Commercial Brokerage represented both sides in this transaction. *** What's your opinion? Send your Letter to the Editor to newsroom@inman.com....