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Hines Purchases 430k sf OC Office Complex

8/17/15

Hines has acquired Quintana, a 430k sf office campus on 15 acres in Irvine. The four-building complex, situated in the center of Orange County’s Airport Area, was formerly the Washington Mutual Campus. The price was not disclosed.

Hines has planned an extensive, $15 mil capital improvement program which will transform the asset into the most unique and differentiated campus environment in the Airport Sub-market. The strategic capital upgrades will focus on improving the expansive open spaces and common areas to include new conference and fitness center amenities, functional outdoor workspaces, new lobbies and restrooms, upgraded landscaping and potential retail offerings.

Quintana is currently 13 percent leased and offers one of the largest contiguous vacancies and significant opportunities in Orange County, exceeding 375k sf across three buildings. Hines has assumed property management responsibilities for the property.

Located at the center of the Airport Area, the campus has prominent visibility and provides immediate access to the San Diego (I-405) and Costa Mesa (SR-55) freeways and close proximity to the Santa Ana (I-5), Corona del Mar (SR-73), and Laguna (SR-133) freeways. More than 15 restaurants and bars, two health clubs, and four hotels are within walking distance, and the property is situated less than a mile from the John Wayne Airport.





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