Layton-Belling Buys Metroplex II Building
- Share via
Layton-Belling Associates, a Newport Beach-based real estate investment and development firm, bought Metroplex II, a six-story office building in Anaheim, from USX Realty Development for $15.1 million.
The property at 2401 E. Katella Ave. is 95% leased, said Grubb & Ellis, which represented the buyer and seller.
In addition, the commercial real estate firm said that Ewing Development of Newport Beach bought 17 acres in Cypress, where it plans to build a 300,000-square-foot business park for $9 million.
The property, sold by a group of private investors, is at the southwest corner of Cerritos Avenue and Walker Street.
The development, which will be named Cypress Corporate Park, will be Ewing’s largest project to date. It will include four buildings and is expected to be completed by spring 1999, said Tom Ewing, owner of the development firm.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
