Dec
14
HFF Orchestrates Sale, Financing in Orange County
ByA joint venture between JCR Capital and PRES has acquired a four-building office portfolio in Brea, Calif.
Brea Corporate Plaza, courtesy of HFF
Brea, Calif.—Commercial real estate and capital markets services provider HFF recently worked overtime in Orange County, Calif., securing both a buyer and financing for a 291,000-square-foot office portfolio in Brea.
Acting on behalf of The PRES Cos. and Mariner Real Estate Management, HFF orchestrated the $55.6 million sale of Brea Corporate Plaza and Brea Park Centre to a new partnership of JCR Capital and PRES, and secured a $39 million acquisition loan for the buyer…