Investor gains SoCal space

Grubb & Ellis Co. represented Marcus Adams Capital LLC, a Los Angeles-based private investment group, in the purchase of a 103,667-square-foot office/R&D property in Placentia, Calif.

The transaction was valued at $13.3 million.

The four-building project, known as Placentia Corporate Center, is located at 721-781 Kimberly and 600-660 Placentia Ave. It was 91 percent occupied at the time of sale.

Larkspur, Calif.-based F&F Centerpark Associates LLC sold the asset.

Grubb & Ellis is a global provider of integrated real estate services.

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