Tony Thompson, chairman and CEO of Santa Ana-based Triple Net,tells GlobeSt.com that the property was built in 1989 by Xerox asits Southern California regional headquarters and that the sellersbought it from Xerox about four years ago. Xerox, still occupyingthe building, has about six years left on its lease, Thompsonsays.

Xerox Centre is a 15-story office tower at the interchange ofInterstate 5 and the 55 Freeway in Santa Ana. Major tenants of thebuilding include Ashland Oil, American Express and the SocialSecurity Administration.

Triple Net was represented in the deal by Rick Hutton of TripleNet Properties, a Triple Net affiliate, with the seller's brokerbeing Bob Smith of CB Richard Ellis Inc. in Newport Beach. TripleNet has named Liz Hurley in the Irvine office of Trammell Crow Co.as the leasing agent for the building.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.