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LAGUNA HILLS, CA-A joint venture of the locally based Muller Co.and Rockwood Capital LLC has closed its $310-million acquisition ofthree class A Orange County office assets totaling more than839,000 sf from Los Angeles-based Maguire Properties. The threeproperties sold were the 10-story, 217,382-sf Tower 17 in Irvine;the 16-story, 384,183-sf 1100 Executive Tower in Orange and the17-story, 237,659-sf Lincoln Town Center in Santa Ana.
The Muller-Rockwood JV becomes the second Orange County-basedbuyer in recent weeks to close on a portfolio of Maguire assets.Late last month, the Newport Beach-based Bixby Land Co. closed itspreviously reported $345-million acquisition of 11 office buildingstotaling 816,000 sf from the Los Angeles-based REIT.
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