FOOTHILL RANCH, CA—CBRE has brokered the sale of the Campus South County, a class A, 288,348 square-foot, three-building office campus located at 27042, 27051 & 27121 Towne Centre Drive. An affiliate of Menlo Equities purchased the buildings from MetLife. Kevin Shannon, Paul Jones, Bob Smith and Blake Bokosky of CBRE's Institutional Properties Group represented the seller in the transaction.
“The Campus South County is 58% leased to a unique mix of creative and tech-driven tenants,” said Jones, a vice president in CBRE's Newport Beach office. “This compelling tenant mix, combined with the property's strategic location and value-add positioning, fueled tremendous interest and resulted in more than a dozen offers from quality capital.”
Developed in 1999 and situated on a total of 18.4 acres, the property consists of three, two-story office buildings featuring large floor plates and above standard parking. A 2014 renovation project included the addition of a state-of-the-art conference center, a tenant lounge and a Wifi-enabled, outdoor meeting area.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
