December 14, 2017 Comments Off on Pendulum Acquires Anaheim MXU via Auction Views: 2077 California News, Orange County

Pendulum Acquires Anaheim MXU via Auction

Irvine, CA-based Pendulum Property Partners and Boston-based Long Wharf Capital LLC, acquired Stadium Crossings, a mixed-use commercial property in Anaheim, CA for $46 million. The auction process for one of the last remaining commercial properties controlled by a special servicer in Orange County was led by NKF.

Located at the intersection of East Katella Avenue and North State College Boulevard, the project totals 165,000 rentable square feet, and consists of one four-story, multi-tenant office building, a food court, two stand-alone restaurants, a church, and a pad site that was formerly occupied by a bank. Stadium Crossings is in the center of the Platinum Triangle, between the 55 freeway and Interstate 5 freeway, and across the street from Angels Stadium.

Stadium Crossings is Pendulum’s fourth acquisition this year, and the third with a total capitalization exceeding $40 million, bringing its total 2017 acquisition volume to more than $140 million.

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