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Prologis Acquires Orange Country Office Campus

Cushman & Wakefield has represented both parties in the sale of Pacific Vista, a 322,262 square foot Class A corporate office campus situated on a 24.38 acre plot in Lake Forest, Orange County, California.

The property consists of five (5) premier two-story office buildings that are leased to seven long-term tenants.

Prologis, Inc., a global leader in logistics real estate, acquired the asset from an undisclosed seller for $96 million, and plans to continue operating the property as a best-in-class office project.

Cushman & Wakefield Executive Managing Director, Jason Ward, represented the buyer, with John Harty assisted by Jeffrey Cole, Nico Napolitano and Ed Hernandez (all also of Cushman & Wakefield) represented the seller in the transaction.

Ward says: “With its central location, Pacific Vista is a great addition to Prologis’ portfolio, and we worked closely with the company to capitalize on this strategic, off-market opportunity.”

Located at 25500-25550 Commercentre Drive, Pacific Vista is located in southern Orange County and offers convenient access to major freeway routes including Interstates 5 and 405 as well as State Route-241. The property is  proximate to numerous amenities including Irvine Spectrum and the Great Park.

CAMFIL HVAC Filtration Solutions

Staff Reporter

FMIndustry.com covers the latest news, trends and opinion from the facilities management (FM) and corporate real estate (CRE) sectors. The FM market is currently estimated to be worth USD 1 trillion annually and is projected to grow at a compounded annualised rate of approximately 5% between now and 2026.

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