Boston Firm Buys Hutton Centre Building

SANTA ANA, CA-TA Associates Realty of Boston has acquired a 153,682-sf class A office building at 201 E. Sandpointe Ave. from TIAA-CREF. The sales price for the deal was undisclosed, but the 201 E. Sandpointe building is comparable to a nearby 150,560-sf office building at 200 E. Sandpointe Ave. that TA Associates bought this summer for nearly $40 million.

Both of the Sandpointe buildings are part of Hutton Centre, a 43-acre mixed-use development. The 201 E. Sandpointe property includes the eight-story office building and a six-story parking garage, note David Girty and Benjamin Gott of the Newport Beach office of Grubb & Ellis.

Girty and Gott, who have been the leasing agents for the building for TIAA-CREF for the past several years, assisted Eastdil Secured in representing TIAA-CREF in the sale of the building. The building was 82% leased at the time of sale, with tenants including Shared Wellness, Harrell & Co. and Advanstar Communications having signed leases recently.