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Stadium Plaza Sells for $60 Million

ORANGE COUNTY-Fund advisor RREEF, which owned the Anaheim project in the '80s, buys it back from Spieker.

By Nidal M. Ibrahim | Updated on August 04, 2000

ANAHEIM, CA-San Francisco-based pension fund advisor RREEF has struck a deal to re-acquire the 800,000-sf Stadium Plaza Business Park in Anaheim for a little more than $60 million from Spieker Properties, having sold the industrial park in the shadow of Edison Field to the Menlo Park-based real estate investment trust in 1986.

RREEF was forced to sell the property, a complex of industrial buildings off of the 57 freeway near Katella Avenue, in 1986 because the partnership that owned the development was structured to sell at a pre-set time.

Stadium Plaza Business Park has been on the market for only a few months. Spieker decided to sell the project as part of an effort to reallocate capital in the search for better returns.

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