COSTA MESA, CA—Turner Real Estate Investmentshas sold its building located at 2755 BristolStreet in Costa Mesa—an asset the team acquired inDecember 2012 within the Turner Real Estate Fund II,L.P.
Together with national design firm M. ElleDesigns, the TREI team completed a high-impact facelift onthe façade, landscaping and in the common areas—all geared tocreate an environment that would command a premium from tenants andbuyers.
“Thanks to our redevelopment experience, we knew that someminor, but highly impactful changes to the building would furtherincrease the building's future value for disposition,”Rusty Turner, the firm's president and CEO.“Within just two months of completing the cost-efficientrenovations, we were able to secure a buyer and provide asignificant return to our valued investors.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
