LONG BEACH, CA-The Abbey Co. of Garden Grove, Calif. bought the four-building Catalina Landing office project on the waterfront in Long Beach for $20 million from John Hancock Life Insurance Co. and plans to move Abbey’s corporate headquarters to the office complex in October.

The 275,962-sf property at 310-340 Golden Shore Blvd., was developed in the mid-1980s and is on a long-term ground lease with the city of Long Beach, Kevin Shannon of Grubb & Ellis tells GlobeSt.com.

Shannon and David Coe represented the buyer and the seller in the deal, which included 9.5 acre of land, a three-level, 1,438-car parking structure and a 7.2-acre marina in a campus-like development.

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