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December 11, 2019
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SOUTHERN CALIFORNIA NEWS
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Harbor Associates Buys 175k sf OC Office Asset

11/05/19

Long Beach-based Harbor Associates has acquired Crown Cabot Financial Center, a six-story, 175.3k sf office building in Laguna Niguel. The multi-tenant building is located at 28202 Cabot Rd and is 87% occupied by 26 tenants including Morgan Stanley, Bank of America, Acrisure and ActivePDF.

Built in 1989, the Class A property is situated on nearly seven acres. The building was renovated in 2018, which consisted of an upgraded main lobby, a new tenant lounge, upgraded restrooms and a new outdoor seating area.

The building has three elevators, large floor plates, tall ceilings heights, generous window lines, an outdoor lounge area and ample surface and structured parking. Crown Cabot Financial Center is surrounded by numerous retail and service amenities and offers easy access to the I-5 Fwy and SR73.

Crown Cabot Financial Center’s location provides convenient access to business, residential and recreational opportunities throughout the region. It is also one-mile from the 1 msf Shops at Mission Viejo and Kaleidoscope Courtyards retail center.

Paul Jones, Kevin Shannon, Blake Bokosky and Brandon White with NKF represented the institutional seller. Harbor Associates, represented itself. The price was not disclosed.

“Crown Cabot was a rare, high quality coastal south Orange County office building that generated strong interest from various capital sources,” said Jones. The asset has historically performed very well and offers great visibility along the 5 Fwy. Harbor Associates will further reposition the asset in order to achieve even further rent appreciation and tenant demand.”





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