ORANGE, CA—NAI Capital has completed the saleof the Centrum North Building, located at 1120 W.La Veta Ave. in Orange, to CRC Real EstateCorporation, an affiliate of CHOCChildren's. The sale price totalled$43,950,000 or approximately $245 per squarefoot. The seller, 4128 Wilshire, LLC, wasrepresented by CBRE.
The sale was arranged through Sonya Dopp-Grech,senior vice president and director of healthcare services group atNAI Capital, a brokerage firm that has represented CRC Real EstateCorp. for many years. "Due to its proximity to CHOC Children'sHospital, this acquisition is strategic for both the long-termgrowth of the hospital and as an institutional quality investment,"said Dopp-Grech.
Made of glass and steel, the Centrum North building was built in1985. It is an eight-story class A medical and officebuilding with approximately 179,279 square feet. It is located in aprominent cluster of medical service providers, including CHOCChildren's Hospital and St. Joseph Hospital.
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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.
