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ANAHEIM, CA-Seligman Western Enterprises of Michigan has acquired the five-building, 301,159-sf Anaheim Corporate Plaza office project from Rreef for $68.2 million, according to Voit Commercial Brokerage. Louis Tomaselli of the Anaheim Metro office of Voit tells GlobeSt.com that the property, which occupies a 13.9-acre site in the Platinum Triangle area of Anaheim, drew more than 10 offers from prospective buyers.Tomaselli and Mitch Zehner of the Anaheim Metro office of Voit brokered the sale on behalf of Rreef, which had owned the property since 2002, and the Voit brokers also represented the buyer. The property drew broad interest from prospective buyers, including both institutional and private investment groups, both of which remained very competitive in their offers throughout the final bidding, Tomaselli notes.The buyer’s new asset is described by Tomaselli as “a pedestrian-friendly location in the center of a new high-density residential urban environment.”The Platinum Triangle is planned for up to 9,175 housing units, five million sf of office space more than two million sf of other commercial uses. Anaheim Corporate Office Plaza, which was built in phases from the late 1970s through the early 1980s, is located at 2121-2190 Towne Center Place and 2390 East Orangewood Ave. The five buildings, which were 96% occupied at the time of the sale, include one of five stories and four of three stories.Buyer Seligman Western Enterprises manages California properties for Southfield, MI-based Seligman & Associates. Seligman Western, which maintains offices in Century City and San Francisco, owns apartments and commercial properties throughout the state.

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