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California  + Orange County  + Industrial  | 

Tustin Legacy Industrial Trades to Private Investor in Sale-Leaseback

Voit Real Estate Services recently closed the $22,250,000 sale-leaseback of a 55,022-square-foot industrial trophy asset located in the Tustin Legacy District. Peter Castleton, EVP and partner of Voit’s Anaheim office, represented the seller, Bob Istwan, CEO of Motive Energy, a nationally recognized leader in advanced energy and connectivity technologies.

“This was a highly strategic sale-leaseback that secured long-term occupancy for the seller while delivering an institutional-quality investment to a private buyer,” said Castleton.

The property, located at 2692 Dow Ave., features more than $3 million in improvements designed to support high-performance operations, engineering, and technological development. It offers 25,000 square feet of headquarters office and and nearly 30,000 square feet of warehouse space with five loading doors. Adam Hill, Mitch Zehner and Michael Zehner, senior members of the Zehner Hill Industrial Group from Voit’s Irvine office, represented the buyer, Deercreek Yorba Linda LLC, a local private investor.

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Voit's Castleton

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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