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by CareyBot

CB Richard Ellis arranged the sale of a 197,817-square-foot office building in South Coast Metro, Calif. The value of the transaction was not disclosed. The property, 3 Hutton Centre, is a class A, 10-story office building with an adjacent six-story parking garage. Prominently positioned within Orange County's Greater Airport Area, 3 Hutton Centre is situated within Hutton Centre, a 43-acre, master-planned commercial development surrounding a three-acre lake. CB Richard Ellis Investors sold the property to Teachers Insurance and Annuity Association – College Retirement Equities Fund (TIAA-CREF). Robert Smith, Michael Kane and Jeff Morgan of CB Richard Ellis' Newport Beach office, along with John Weiner of CBRE's Irvine office, represented the seller. Los Angeles, CB Richard El...