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7/11/18
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Hines and Oaktree Capital Management LP have partnered up in the acquisition of the Beckman Coulter Campus, a 34-acre, mixed-use campus in Brea. Hines and Oaktree have had a very active partnership since 2010 with over 30 projects acquired on the West Coast. This transaction marks the 10th acquisition for Hines and Oaktree in the North Orange County submarket alone.
The five-building office and industrial/logistics campus, totaling 576.2k sf, has served as Beckman’s headquarters since the original construction in 1979/1984. The campus sits on Kraemer Blvd, just off Imperial Hwy and two miles east of Hwy 57.
Beckman Coulter, a biomedical device producer, continues to lease 100% of the property. The facilities are highly specialized to support key R&D, manufacturing, and product training initiatives. The campus has been exceptionally maintained by Beckman and includes outdoor common areas, fitness centers, multiple on-campus dining options, and community living space. The complex also includes 1,642 surface parking stalls.
Hines Director Drew Huffman said, “We are pleased to add Beckman Coulter to our growing net leased portfolio in Orange County, now totaling approximately 1.5 msf. This asset is an excellent addition to our greater Orange County portfolio.”
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