December 12, 2016
Holliday Fenoglio Fowler, L.P. (HFF) closed the $55.6-million sale of Brea Corporate Plaza and Brea Park Centre, as well as arranged $39 million in financing the four-building office portfolio totaling 290,657 square feet in Brea, CA.
HFF marketed the property on behalf of the seller, Irvine, CA-based The PRES Companies and Fairway, KS-based Mariner Real Estate Management. HFF also procured the buyer, Denver, CO-based JCR Capital. Additionally, HFF represented JCR in securing a floating-rate acquisition loan through Prime Finance.
The buildings are 85% leased to tenants, including Nestle, FoxConn, Citizen Business Bank and Sedgewick Claims Mgmt.
The HFF investment sales team representing the seller included Ryan Gallagher, Derreck Barker and Tim Geiman. The debt placement team included John Chun, Lee Redmond and AJ Manas.
For comments, questions or concerns, please contact Dennis Kaiser