The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
August 12, 2020
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ORANGE COUNTY NEWS
Printer-friendly Version   Email an Associate
Prosper Real Estate Pays $11.7 Mil for OC Office Building

10/05/18

Prosper Real Estate purchased a 37.1k sf office building in Lake Forest for $11.7 mil ($315/sf). The building, located at 25371 Commercentre Dr, east of I-5 off Bake Pkwy, was sold by Harbor Associates LLC.

Following Harborís acquisition of 25371 Commercentre in 2015, the firm embarked upon a comprehensive building system, exterior, and interior renovation. The improvements included an upgraded two-story lobby with new restrooms, along with creative office spec suites featuring exposed ceilings and polished concrete flooring. Harbor was then able to fully lease the building.

25371 Commercentre is centrally located near area amenities and mass transit including the Irvine Spectrum outdoor mall, Foothill Ranch Towne Centre and the Irvine Amtrak/Metrolink station. According to information provided by CBRE, the Lake Forest office market has a direct vacancy of 5.2%, among the lowest of any city in Orange County.

Anthony Delorenzo, Doug Mack and Gary Stache of CBRE represented Harbor in this and a previous Orange County office disposition. Jeff Carr, Brian Cole, Anthony Delorenzo, and Doug Mack, also with CBRE, helped Harbor implement its value-add business plan for the property. David Lee of Globridge Realty represented the buyer in the purchase.





Return to the Archive page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media