Alan Pekarcik, a senior vice president in the Irvine office of Voit Commercial, says that one of the first orders of business for the new owners is to sign a restaurant for ground floor space in the building. The new ownership has enlisted Sally Vogel, who heads the retail division of Santa Ana-based RiverRock Real Estate Group, to find a restaurant operator for the building.
The office tenants at Stadium Centre include a bank branch office and a roster of governmental, legal and accounting firms that Pekarcik describes as a quality tenant list. The office project is located near the intersection of South State College Boulevard and East Orangewood Avenue, adjacent to Angel Stadium as well as close to rail service, the 5 and 57 freeways, local amenities and many recently completed and/or pending residential developments.
Pekarcik represented the Greenlaw-Guggenheim joint venture, along with Dan Vittone and Robert Mitchell of Voit's Anaheim Metro office. The sellers, who represented themselves, included MCH Stadium, JS Stadium, RM Stadium and AP Stadium, among others.
Vittone notes that the property is situated in the heart of the Anaheim Platinum Triangle, where redevelopment projects, both completed and planned, "will continue to strengthen the overall submarket." The Platinum Triangle surrounds two major sports venues, Angel Stadium and the Honda Center, and has been rezoned to create a high-density, mixed-use, urban environment. The area ultimately could include up to 9,500 residential units, five million sf of office space and more than two million sf of retail space.
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