Grubb & Ellis Co. negotiated the sale of Saturn Business Park, a 121,143-square-foot, low-rise office project in Brea, Calif.

The transaction was valued at $22 million.

Saturn Business Park LLC, a Santa Ana-based tenant-in-common buyer, purchased the property from GE Real Estate of Stamford, Conn.

The two-story building, which was built in 1985 and renovated in 2004, is located at 2929 East Imperial Highway.

The asset was 92 percent leased at the time of sale to tenants including Unocal (32,967 square feet); Underwriters Laboratories (26,003 square feet); World Savings (15,387 square feet); and Household Finance Corp. (8,888 square feet). Nearly 50 percent of the project is leased through 2010 to Unocal and Underwriters Laboratories.

Grubb & Ellis Co. provides a full range of real estate services worldwide.


What’s your opinion? Send your Letter to the Editor to

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
EXTENDED: Last call for the best price of the year on the best events in real estate.Register now×
Cyber Monday Sale - EXTENDED! Get 1 year of Inman Select for $75. Offer expires at midnight.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription