October 6, 2015 Comments Off on Costa Mesa Creative Office Complex Draws $48M Views: 636 California News, Orange County

Costa Mesa Creative Office Complex Draws $48M

An office complex, mostly occupied by Emulex Corp., a hardware tech firm, was just bought by Steelwave & Goldman Sachs in a deal brokered by CBRE for $48 million.

It is a 180,000-square-foot office campus that has two vacant buildings that totals 84,000 square feet. Steelwave would like to reposition the vacant parts of the asset into a creative-office complex, with help from CBRE.

The area has vacancy rates that are as low as 9.7 percent, said Paul Jones, a CBRE first vice president. The complex sits on just more than 14 acres, and the demand for Costa Mesa creative office is reportedly soaring.

Connect With CBRE’s Jones

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , , , , , ,

Comments are closed.