Royalty Carpet signs big Santa Ana lease

From: Orange County Business Journal | Date: August 11, 2003| Author: | Copyright information

Royalty Carpet Mills Inc. has signed one of the biggest industrial leases of the year, taking 268,000 square feet in Santa Ana, with an option to add another 104,000 square feet.

The Irvine-based carpet maker signed a 12-year lease for more than two-thirds of a 372,000-square-foot building at 515 E. Dyer Road, according to Royalty's broker Bryon Ward of Grubb & Ellis Co.

"To my knowledge, this certainly is one of the largest-if not the largest-industrial lease transactions in Orange County," Ward said.

Ward represented Royalty and San Francisco-based landlord RREEF. The value of the deal ...

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