Together with national design firm M. Elle Designs, the TREI team completed a high-impact facelift on the façade, landscaping and in the common areas—all geared to create an environment that would command a premium from tenants and buyers.

“Thanks to our redevelopment experience, we knew that some minor, but highly impactful changes to the building would further increase the building's future value for disposition,” Rusty Turner, the firm's president and CEO. “Within just two months of completing the cost-efficient renovations, we were able to secure a buyer and provide a significant return to our valued investors.”

The dramatic reinvention of the building included new restrooms, carpet, paint, artwork, entirely new landscaping inside and out, a new irrigation system, new storefronts at entrances, and much more.

The building's buyer desired an image-enhancing office space in this convenient, airport- and freeway-close South Coast Metro location, which also is just a stone's throw from the revitalized SoBeCa District, South Coast Plaza, and Newport Beach. Current tenants at Bristol Corporate Center include Boat US and Sea Crest Home Health. Brian Garbutt and Allen Basso of Lee and Associates, represented TREI in the transaction.

Launched by TREI in 2012, Turner Real Estate Fund II, L.P. is a discretionary real estate private equity fund designed to capitalize on the opportunity to buy well-located, well-built industrial and office projects at dramatic discounts in the California, Arizona and Nevada markets.