Cushman & Wakefield recently represented Equity Office in two separate transactions, which included the sale of three office buildings in Orange County, Calif.

The aggregate price of the transactions was approximately $46 million.

Newport Beach based real estate investment firm Layton-Belling & Associates acquired two of the properties located in Laguna Hills and Anaheim Hills. The larger of the properties is Oakbrook Plaza, which comprised 118,843 square feet. Built in 1984, this class A building, characterized by its two-story lobby entrance and atrium, is located at 24422 Avenida de la Carlota, and overlooks Interstate 5 between El Toro Road and Alicia Parkway in Laguna Hills.

LBA also acquired from EOP, a three-story Class A office property and an adjacent land parcel in Anaheim Hills. East Hills Office Park is a 57,245-square-foot suburban office building located at 180 N. Riverview Drive at the corner of Weir Canyon and Santa Ana Canyon Roads. The 15-year-old building was fully occupied at the time of sale. According to Cushman & Wakefield’s Bob Griffith and Jon Nesbitt, who represented Equity Office on the transactions, the sale also included 4.1 acres of land immediately adjacent to the property that is fully entitled for a 62,500-square-foot office building.

In a separate transaction, CIP Real Estate Property Services acquired Centrepointe I, II and III in the Centrepointe Irvine office park at the corner of Jamboree Road and MacArthur Boulevard. The three concrete and reflective glass buildings of 24,592 (19712 MacArthur), 17,901 (19722 MacArthur) and 25,064 (19732 MacArthur) square feet, collectively were 96 percent leased at the time of sale. With the acquisition, CIP now owns four of the eight buildings comprising Centrepointe Irvine, which was developed in 1979.

Cushman & Wakefield is an international real estate services company.

***

Send a Letter to the Editor for publication.
Send a comment or news tip to our newsroom.
Please include the headline of the story.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×