FOR IMMEDIATE RELEASE
LOS ANGELES (October 21, 2011) – IBC Realty Investments Inc., a real estate investment and development firm, today sold three prime Orange County, Calif.-based office buildings for $7.6 million to Providence Orangewood, LLC. The 107,000 square foot office complex is on a ground lease and is located at 1835, 1845, & 1915 Orangewood Avenue in the City of Orange. Saint Joseph’s, UC Irvine, and Azusa Pacific University are the major tenants.
“We are very pleased with our success in the Orange County market,” said Michael IBC, president of IBC Realty Investments. “We are aggressively looking for other opportunities throughout Southern California and the South Western U.S..”
Brokers on the deal were Gary Stache & Pat Scruggs of CBRE in Newport Beach.
ABOUT IBC Realty INVESTMENTS
IBC Realty Investments, Inc. (IBC) is a real estate investment and development firm with more than $350 million in assets currently under ownership/management. IBC’s real estate portfolio consists of more than 2.2 million square feet of office, retail, industrial and multi-family residential properties in California, Texas, Arizona, Colorado and Florida, as well as vacant land for future development. IBC’s trademark is its unparalleled ability to identify, analyze, negotiate and close transactions involving many different types of real estate. IBC has the experience and expertise required to execute management and development strategies to maximize a property’s value in the market. For more information, please contact Michael IBC at 404 478 6529 or visit www.ibc-incorporated.com. IBC Realty Investments.
melisa@delyon.com
