More Large OC Office Deals Likely in 2016

Jones: “There are four other office transactions on the market or coming to the market after Labor Day.”

NEWPORT BEACH, CA—This year, Orange County will likely see a few more large institutional-office transactions than normal, NGKF’s senior managing director, capital markets, Paul Jones tells GlobeSt.com. As we recently reported, the firm represented the existing partnership Greenlaw Partners and Walton Street in the $108.5-million recapitalization of three high-quality class-A multi-tenant office buildings located in Orange, CA. The transaction includes 600 City Parkway West, a 199,075-square-foot building; 3800 Chapman, a 169,851-square-foot building; and 500 City Parkway, a 70,320-square-foot building. We spoke exclusively with Jones about this particular transaction and the nature of larger transactions in the Orange County market.

GlobeSt.com: What made this particular transaction so unique, in your opinion?