Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HUNTINGTON BEACH, CA-Platt College has signed a lease for 35,272 sf at One Pacific Plaza, a 400,000-sf office complex, where it will occupy the fourth and fifth floors of the 12-story office project in a relocation from Newport Beach. Steven Hogberg of the Tustin-based Coreland Cos. reports that Platt has taken the space for eight years in a deal valued at $7.2 million.Hogberg, who is the leasing agent for One Pacific Plaza, says the deal represents an expansion and a relocation of the Newport Beach campus of the college, which also has campuses in Los Angeles, Ontario and San Diego. The college is scheduled to occupy the space in November after the completion of tenant improvements to accommodate classrooms.Hogberg represented the landlord, Mullrock 1-Beach Pointe LLC, with Platt College represented by Ned Franke of Cushman & Wakefield in Chicago. Hogberg notes that several tenants submitted proposals for the space, which is in the 7755 Center Ave. building at the One Pacific project. The office development is located at 7711, 7755 and 7777 Center Ave., next to the new one-million-sf Bella Terra Retail Center that is under construction.Hogberg says the signing of the Platt College lease indicates the growing popularity of West Orange County office locations among firms that want attractive rates and convenient commuting between Orange and Los Angeles counties. Recent market reports describe Orange County’s overall office market as one of the strongest in the nation, with rising rents and falling vacancies that have matched previous records for direct vacancy, overall availability and average asking lease rates.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.