Panattoni Development Co. and DAUM Commercial Real Estate Services have closed a 10-year lease valued at $8.65 million of a 69,882-square-foot industrial building under construction in Placentia.

The unnamed tenant is a publicly traded commercial and residential roofing distributor.

Chris Migliori and Paul Gingrich at DAUM represented Panattoni in this transaction.

The development broke ground earlier this year and includes three other buildings, ranging from 47,813 to 60,809 square feet, which are available.

The property at 721 S. Van Buren St. is expected to be completed soon. The additional three buildings that comprise the Orange County Commerce Center are located at 711 S. Van Buren St. in Placentia and 1365 & 1367 S. Van Buren St. in Anaheim.

Curtis Krusie and John van Rossem with Mohr Partners represented the tenant in this transaction.