Hines boosts Orange County office/warehouse holdings

Hines, an international real estate firm, in a joint venture with Buchanan Street Partners, a national real estate investment bank, has completed the acquisition of a 260,000-square-foot office and warehouse property in Irvine, Calif.

Neither the value of the transaction nor the seller's identity was disclosed.

The property is located at 2323 Main St. This transaction marks the third recent property acquisition of warehouse property by Hines in the Irvine Business Complex since August 2006.

According to Doug Holte, western regional partner for Hines overseeing its Orange County and San Diego operations, the existing building will undergo a comprehensive renovation, and then will be re-tenanted.

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