BREA, CA—The PRES Cos. has purchased a portfolio of four class-B office buildings here for $42 million in an off-market transaction. The portfolio, which is 72% leased, consists of two projects that industry sources not related to the deal say were previously owned by the Abbey Co.

Brea Park Centre includes three buildings totaling 171,411 square feet located at 2601 Saturn St., 500 S. Kraemer Blvd. and 2650 E. Imperial Hwy. Tenants include Citizens Business Bank, General Services Administration, FIT Electronics and the California Department of Public Health. Recent upgrades to the property were made to the common areas including the lobbies, elevator cabs and open-air courtyards.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.