JLL announced today that it has completed the sale of a two-building, 62,395-square-foot industrial property located on 4.1 acres at 2350 East Orangethorpe Avenue in Anaheim, California to Guthrie Development Company for $18.7 million.
Guthrie Development Company will rebrand the property as Anaheim Gateway Commercentre and immediately begin converting the two buildings to 40 for-sale industrial condominiums. The units will range from 1,100 square feet to 3,320 square feet. Finished condominium units are scheduled to be available for delivery beginning Q4 2026.
JLL’s Zach Niles, Steve Wagner and Brendan Brady represented the seller, Orangethorpe Industrial, LLC, and buyer Guthrie Development Company, in the transaction. JLL has also been retained to market the units for sale to commercial and industrial business owners across a broad range of uses.
“We are extremely excited about this acquisition because it couldn’t be a more perfect fit to our company’s motto of ‘Homes for Business’,” said Rob Guthrie, Founder and CEO of Guthrie Development Company. “Not only does every business deserve a home but we believe every business deserves to own its home and that’s exactly what we’ll be offering at Anaheim Gateway Commercentre.”
Guthrie Development Company’s rebranding effort entails significant aesthetic and functional upgrades including the optionality for buyers to customize a unit to suit their specific needs or to purchase a fully renovated unit designed for ideal flexibility. Located at the intersection of the 91 and 57 freeways in Anaheim along Orangethorpe Avenue, the project offers immediate freeway access and high-visibility exposure to 38,000 cars per day.
“Orange County as a whole, especially well-located and functional properties like this, continues to see really strong demand from owner-users looking for 1,000 to 4,000 square feet”, said Zach Niles, JLL Senior Managing Director. “Owner-user units of this size are just so rare to begin with. This project’s unit sizes, function and premier location will be very well received in the market.”
About Guthrie Development Company
Guthrie Development Company, headquartered in Orange County, is a fully-integrated commercial real estate firm specializing in the development, acquisition, and management of commercial/industrial properties. More specifically, Guthrie Development Company is the largest developer of industrial condominium conversions in the Southern California area. For more information, please visit www.guthriedevelopment.com.
About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.