4300 Harbor Blvd., Fullerton
Address: Beckman Coulter, 4300 Harbor Boulevard, Fullerton
Seller: Beckman Coulter
Buyer: Western Realco
Assignment: Analyze the value for excess corporate real estate for a publicly traded medical device company. Design and implement a marketing program for the disposition of 600,000 sq. ft. manufacturing of buildings on 44.1 acres of land all with significant pre-existing environmental contamination. The Team also worked closely with the city of Fullerton to coordinate new entitlements that would be required for future redevelopment of the site.
Result: Received 15 offers to purchase from dozens of potential developers with a wide range of potential uses for the site. Ultimately, the Team identified an industrial developer and the site was acquired for the development of nearly 1,000,000 sq. ft. of new state-of-the-art distribution buildings.
Total Value of the Transaction: $45,000,000