Orange Bakery, a producer and distributor of frozen pasties, danishes, croissants and specialty breads, is the new owner of a 54,088-square-foot distribution building at 17751 Cowan in Irvine.
The Irvine-based pastries producer bought 17731 Cowan for $30.7 million, or $566.67 per square foot. Xebec, a Dallas-based real estate investment company, was the building’s developer and seller. GAA Architects Inc. designed the building.
17731 Cowan is a brand-new industrial building and was listed for sale by Sean Ahern of Lee & Associates’ Newport Beach office…