Coppertree Garners $66M in Building Sales

COSTA MESA, CA-The Brookhollow Group and Ameritas Life Insurance Corp. have completed the sale of 47 buildings totaling 245,000 sf at Coppertree Business Park for a combined total of $66 million. The entire project sold out in 13 months, according to Jeff Chiate, an executive director at Cushman & Wakefield’s Orange County office, who represented the Brookhollow Group in the sales program along with Rick Ellison of Cushman & Wakefield.

Located at 151 Kalmus Dr. in Costa Mesa at the intersection of the 55 and 73 freeways, Coppertree is set on 15 landscaped acres. The project, which is a few minutes from John Wayne Airport, features low-rise office buildings that range from 2,800 sf to more than 5,400 sf, with flexible floor plans.