Laguna Hills Square is at 24401, 24411, 24421 and 24431 Calle de la Louisa, near the Laguna Hills Mall and Leisure World. The 2.5-acre property was built in 1982 and is 100% leased to medical tenants including Saddleback Medical Center and Harvard Eye Associates. Bob Anderson, CEO of Birtcher Anderson, calls the proprety "a solid, long-term investment" because of its location adjacent to the medical center, the regional mall and the senior residential community. The location "provides downside protection, while the lack of available property for competitive development provides strong upside potential through future rental growth," Anderson says. He notes that in 2005, Birtcher Anderson plans to purchase and develop commercial property in excess of $150 million primarily in Southern California and the Phoenix area. The deals will range in value from $10 million to $75 million.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.