IRVINE, CA—As GlobeSt.com reported last week, CBRECapital Markets' Debt & Structured Financeteam arranged $158 million in financing for AirportBusiness Center, an office/flexindustrial park here, on behalf of owner the KollCo. We spoke with Jerry Yahr,managing principal of the Koll Co., about the property, thetransaction and what it says about the industrialmarket in Orange County.
GlobeSt.com: What is unique about Airport BusinessCenter?
Yahr: The unique thing about AirportBusiness Center is a combination of its central location right inthe Airport area and the fact that it is a large portfolio ofbuildings and spaces controlled by one landlord. There are 68buildings encompassing 1.2 million square feet in the heart of theAirport-area market. And on top of that, being a mix of office,industrial and a little bit of retail, as well as a combo of smallunits all the way up to some larger buildings really creates aunique opportunity for tenants to grow within the same businesspark controlled by one landlord.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
