The buyer and the seller were represented by Jeffrey Cole and Rick Putnam of Trammell Crow Co., which is also the leasing agent for the building. Cole tells GlobeSt.com that the building generated considerable interest from prospective buyers because of its location adjacent to the 405 freeway in the South Coast Metro Center market. The 236,183-sf class A office building occupies a site of just under four acres and sits on a ground lease that is held by Sakioka Farms and has 41 years remaining. Built in 1989 and completely renovated in 1996, the property is 85% leased and is occupied by eight tenants including BMC Software, Maersk, Netifice Communications, PeopleSoft, Sharp and the Meyers Group.

Birtcher Anderson acquired the property with Wachovia Capital Markets as its financial partner, with Birther retained to operate the property. The building includes a three-level adjacent parking structure as well as full wrap-around glass windows and granite walls. Birtcher Anderson Properties is an affiliate of the Birtcher Real Estate Group, which was established in 1939. It has constructed or developed more than 200 commercial and industrial properties comprising more than 50 million sf and more than 100 residential projects, totaling in excess of 12,000 units. Birtcher has also acquired more than $2 billion of real estate through public and private vehicles and on an advisory basis.