Grubb & Ellis represented Royalty Carpet Mills, an Irvine-based carpet manufacturer, in the purchase of a 372,096-square-foot industrial building in Santa Ana, Calif.
The transaction was valued at more than $21 million.
The building, which is located at 515 E. Dyer Road in the Dyer Road Industrial Center, will be used for expansion of its manufacturing and distribution operations. Royalty Carpet is slated to occupy the facility in August 2004.
Bryon Ward of Grubb & Ellis’ Newport Beach office represented the buyer in the transaction. Ward and Scott Read of Grubb & Ellis’ Newport Beach office represented the seller, Irvine-based RPH Industrial LLC c/o RREEF.
Grubb & Ellis is an international provider of integrated real estate services.
Send tips or a letter to the editor to firstname.lastname@example.org or call (510) 658-9252, ext. 124.