NAI Capital Commercial SVP Steven Ehrich with the Investment Services Group in Orange County negotiated the sale of an Anaheim industrial building, totaling 26,620 square feet. Ehrich represented the seller, a charitable foundation, in a rare transaction involving a donated industrial asset. The building sold for $6,842,000.

This multi-tenant industrial building is located in the North Orange County/Anaheim Canyon industrial submarket at 1441 N. Red Gum St. At the time of sale, the 12-unit property was 100% leased to six tenants.

Ehrich said, “The seller and donor saw this highly appreciated asset as an appealing opportunity to sell at rare value; and at the same time give back to the community.  This multi-tenant industrial building was available for the first time in over 30 years and generated an extreme amount of buyer demand. This sale will essentially allow the donor to distribute the proceeds to charitable nonprofit organizations as they direct.”

Antiquarian book company Bauman Rare Books is opening a new street-level gallery at Jack Resnick & Sons’ 485 Madison Ave. in Midtown Manhattan. As part of a new ten-year lease, Bauman will occupy 3,500 square feet on the ground and second floors of the 25-story tower. 

Founded by Natalie and David Bauman in 1973, Bauman Rare Books has been a New York City fixture since it opened its first Midtown gallery in 1989 in the lobby of the Waldorf Astoria Hotel. “Our firm is thrilled to provide a new home for this premier and storied bookseller,” said Jonathan Resnick, president of Jack Resnick & Sons.

Jack Resnick & Sons was represented in-house by Adam Rappaport and Brett Greenberg.  Andrew Goldberg and Christopher Heyn of CBRE represented Bauman Rare Books.

With this agreement, the retail component of 485 Madison is now 100% leased. Bauman will join menswear brand Hive & Colony, Swiss shoemaker Le Majordome and Fresco by Scotto Restaurant, which has been a staple at the building since 1993.