PLACENTIA, CA-Privately held Marcus Adams Capital of Los Angeles has acquired the 103,667-sf Placentia Corporate Center for $13.3 million in one of two office sales to close in this city in recent days, according to Grubb & Ellis. The buyer bought the office/R&D property at 721-781 Kimberly and 600-660 Placentia Ave. from Larkspur-based F&F Centerpark Associates LLC. The four-building project was 91% occupied at the time of sale. Kevin Shannon, Scott Schumacher and Michael Moore of Grubb & Ellis’ South Bay office and David Giglio and Jon Swallow of the firm’s Anaheim office represented the buyer and the seller.In the other Placentia sale, Clarion Mortgage Capital bought a 10,791-sf office building at 319 Palm for its corporate headquarters, paying nearly $1.5 million in a transaction brokered by Steve Schaner, Lori Smith and David Giglio of Grubb & Ellis. Clarion has already occupied the two-story building, where the company has relocated from leased space in Brea. The property was sold by an individual investor based in Torrance.In an Irvine office transaction, JAG Properties, an environmental engineering firm, purchased a 4,950-sf, two-story office building at 8875 Research Dr. in the Brenexus office park in the Irvine Spectrum from Bacchus Development for $1.3 million. JAG Properties, which will be relocating from leased space in the Irvine Spectrum, is slated to occupy the building later this month. Serge Vishmid of Grubb & Ellis’ West Los Angeles office and Chon Kantikovit of the firm’s Newport Beach office represented the buyer, with the seller represented by John Manion of the Nexus Cos.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.