Socci represented the seller, Seven Investments, with the buyerrepresented by Jeff Rinkov and Peter Bacci of Lee & Associates.Crescent Healthcare, which has a two-year lease on the building,has occupied it for approximately seven years. The tenant provideshome infusion services to patients with chronic disorders.
The Crescent Healthcare building was one of six officeproperties that sold recently for an aggregate of more than $25million in Orange County, where demand has been driving up rentalrates and sales prices steadily for several years now.
In a $6.7 million deal, Grubb & Ellis reports that the BurkeReal Estate Group of Santa Ana bought the Orangewood OfficeBuilding, a 37,842-sf property in Garden Grove, from OrangewoodOffice Partners of Garden Grove.
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