Search
 

Laguna Hills Offices Sell for $38 Million

ORANGE COUNTY-Investcorp and Pacifica jointly purchase 231,323-sf Landmark Lakehills development in South County area.

By David W. Myers | Updated on August 09, 2000

ORANGE COUNTY, CA-Displaying its continuing confidence in well-located California real estate, New York-based Investcorp has joined forces with Santa Barbara-based Pacifica Real Estate Group to pay $38.2 million for the 231,323-sf Landmark Lakehills office complex in the South County community of Laguna Hills.

The six-building complex was sold by locally based Landmark Asset Management Group and DRA Advisors Inc. of New York. The building is about 90% occupied, with tenants including ALTEC Inc., Dole Fresh Fruit Co. and Behr Corp.

The Irvine office of Cushman & Wakefield represented all parties in the transaction.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.