Kearny’s $35M Buy to Gain “True Campus Feel”

Elevate@Harbor is part of the South Coast Metro West submarket, which is undergoing a transformation from industrial and older office to newer office use.

SANTA ANA, CA—A 197,370-square-foot office campus here is about to be repositioned to emphasize its identity as a true campus. Kearny Real Estate has purchased the newly named Elevate@Harbor from the Colton Co. for $34.8 million.

Elevate@Harbor includes two mid-rise buildings on eight acres at 3100-3130 Harbor Blvd. in the South Coast Metro West submarket, which was once a pocket of industrial and older-office use and is now undergoing a transformation to office use that is attracting “dynamic companies, a Millennial workforce and exciting amenities to the area,” Kearny partner Hoonie Kang said in a prepared statement. To capitalize on the building’s functional layout, which can accommodate full- and partial-floor users, Kearny plans on investing approximately $15 million to reposition the office campus, he added.