This Large Vacancy Presents Opportunities

SANTA ANA, CA—Pacific Center's 400,000-square-foot vacancy, one of the largest blocks of contiguous vacancy in the Orange County market, gives the new owners the opportunity to split it up or sell it off, CBRE's Paul Jones tells GlobeSt.com in this UPDATE.

By Carrie Rossenfeld | Updated on June 23, 2015

SANTA ANA, CA—Pacific Center‘s 400,000-square-foot vacancy, one of the largest blocks of contiguous vacancy in the Orange County market, gives its new owners the opportunity to split it up or sell it off, CBRE‘s first VP Paul Jones tells GlobeSt.com. As we reported earlier this month, Jones, along with CBRE’s vice chairman Kevin Shannon, first vice Scott Schumacher, and senior associate Blake Bokosky, represented the seller, a large institutional owner, and the buyers, the Brookhallow Group and PCCP in the sale of Pacific Center. The property consists of two office buildings totaling 392,877-square-feet at 1600 and 1610 E. St. Andrew Pl. here in Santa Ana. We spoke exclusively with Jones about the sale, the property and what’s special about the Santa Ana office market.

GlobeSt.com: What opportunities does this property present for the buyers?

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