SANTA ANA, CA—MCA Realty, a full-servicereal estate investment and management company, has sold three ofthe four buildings that make up the Brookhollow FreewayShowroom Center, a multi-tenant retail/showroom facilitythat is situated alongside the Costa Mesa 55, oneof Orange County's busiest freeways.
MCA Realty acquired the asset in 2013 and implemented arepositioning plan to align with tenant demand, according toTyler Mattox, a principal at MCA Realty.
"We recognized that there was an opportunity to renovate thisasset and reposition it as a contemporary showroom project," Mattoxexplains. "Based on our execution of this business plan, we wereable to attract and retain high-quality, long-term tenants, whichincreased the overall property value. In addition, we capitalizedon the tremendous demand for Orange County real estate in today'smarket in order to drive value for the asset. This strategy enabledus to stabilize and sell three of the four buildings in arelatively short period of time."
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
