Griffin Towers Deal Closes for $129M

SANTA ANA, CA—Blackstone purchases the twin-building project here from partners Lincoln Property Co. and Angelo, Gordon & Co. in this UPDATE to an earlier story.

By Carrie Rossenfeld | Updated on April 08, 2014

SANTA ANA, CA—Partners Lincoln Property Co. and Angelo, Gordon & Co. have completed the sale of Griffin Towers, a class-A trophy office complex at 5 and 6 Hutton Centre Dr. here, to Blackstone for $129 million. The deal is being hailed as the largest commercial-office transaction to take place in Orange County this year.

As GlobeSt.com reported in December 2013, the deal was expected to close right around this time, according to Blaine and Colby Annett, co-managing partners of Stream Realty Partners. Griffin Towers in the South Coast Metro area of Orange County, 1 and 2 MacArthur Blvd. and Tustin Center—all in the Airport submarket—were expected to trade hands officially in the first or second quarter of 2014, the Annetts said.

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