MARCH 2011

SARES-REGIS Group’s Canyon Point industrial project earns LEED Gold

Canyon Point, SARES-REGIS Group’s development of 3 industrial buildings totaling 120,000 sq. ft. in Anaheim, California has received LEED Gold certification from the United States Green Building Council (USGBC). One building totaling 31,744 sq. ft. remains available for sale or lease.

Two of the buildings sold before the project was completed last fall. Woongjin Chemical America, a South Korean maker of water purification equipment for industrial use, purchased the first building, fulfilling a corporate mandate to buy or lease green facilities, John Hagestad, managing director at SARES-REGIS Group of Irvine, California, said. The building is 32,554 sq. ft.. The price was $4.5 million.

A larger building, totaling 57,593 sq. ft., was acquired by Chinese cabinet and tile distributor HSJQ for $7.4 million.

Canyon Point received 26 design points and 13 points for construction from the USGBC, which presented the development the second highest LEED certification award, said Patrick Russell, senior vice president in SRG’s commercial development division.

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