ALISO VIEJO, CA-Only a little more than 2,000 sf remains vacant in a 24,551-sf office property here after 10,000 sf of space was leased during escrow, according to the Grubb & Ellis brokers who negotiated the $7.5-million sale and also are the leasing agents for the building. The property is a two-story tilt-up concrete office building at 135 Columbia in Pacific Park.

Doug Mathews and Gary Allen of the Newport Beach office of Grubb & Ellis represented building seller Columbia Partners of Laguna Niguel, which was also the developer of the property, both in the sale and in the leasing of the 10,000 sf during escrow. Mathews and Allen also are the listing agents for the 2,082 sf that remains vacant in the building.

Mathews and Allen tell that the property attracted multiple offers from prospective buyers who included a number of owner-users as well as a number of investors. The buyer was 2080 Channing LLC, a La Jolla-based investment group that represented itself in the transaction.

The prospective buyers included a variety of types of bidders, including 1031 exchange buyers, private investment groups and high-net-worth individuals. The new owner plans to renovate the property, which was built in 2000, and secure a tenant for the space that is available.

Tenants at the 135 Columbia building include Healthways Inc., a 26-year-old company that is one of the largest providers of specialized, comprehensive health and care programs and services in the country. Mathews and Allen describe Aliso Viejo as one of the tightest submarkets in Orange County for office space and a popular location for corporate headquarters.

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