3355 E. La Palma, Anaheim

Address:  3355 E. La Palma, Anaheim, CA

Description: 108,327 Sq. Ft. Industrial Building

Lessor: TIAA-CREF

Lessee: Goodrich Corporation

Assignment: Secure a lease renewal of the 108,327 Sq. Ft. Class A building on behalf of TIAA-CREF

Result: The Hefner Vernick Team represented the Lessor, TIAA-CREF, in securing a ten year lease renewal for the 108,327 sq. ft. manufacturing facility with the Goodrich Corporation. The tenant’s original lease was at below market rent and was due to expire in September 2024. The Hefner Vernick Team was able to renew the lease nearly three years prior to the expiration and increase the rent immediately, generating a premium effective net rate of $1.20 PSF NNN over the extended term with a total consideration of $15,542,031.