Hines and Oak Tree Acquire Brea Place

BREA, CA—International real estate firm Hines says that it, along with a subsidiary of a real estate fund managed by Oaktree Capital Management, L.P., has acquired Brea Place, a 557,589-square-foot office campus on 30 acres, including seven acres of future mixed-use development land. The campus comprises six buildings that range from one to six stories on both the east and west sides of S. State College Boulevard, immediately adjacent to the Brea Mall. Financials on the deal were not disclosed.

Located within the North Orange County submarket, Brea Place has convenient access to major freeways servicing the vast Los Angeles, Inland Empire and greater Orange County employment hubs. In addition, the project’s location provides excellent access to retail, dining and hospitality amenities, including the adjacent 1.3 million-square-foot Brea Mall.