October 18, 2019 Comments Off on Hines Divests Brea Building for $17M Views: 784 California News, Orange County

Hines Divests Brea Building for $17M

Order Reprints...

Anaheim-based Crowne Pointe Equity acquired a 45,158-square-foot office building in Brea for $17 million or roughly $376-per-square-foot from Houston-based Hines. The two-story, newly-renovated office property is located at 130 S. State College Blvd. in North Orange County.

The campus features on-site amenities, frontage along the 57 freeway, and is near the 1.3-million-square foot Brea Mall. Pacific Western Bank currently occupies 100% of the building and has been a tenant since 2009. Among the capital improvements, made by the owner, include an outdoor renovation, new roof overlay, new double-check detector assembly, curtain wall caulking and integration of a new building management system.

CBRE’s Anthony DeLorenzo, Gary Stache, Doug Mack, Rick Warner and Chip Warner represented the seller. The buyer was advised by an outside broker.

Connect With Crowne Pointe Equity

Connect With Hines

Connect With CBRE’s DeLorenzo

Subscribe to Connect Daily California

For comments, questions or concerns, please contact Dennis Kaiser

Tags: ,

Comments are closed.