ORANGE, CA—Professional Real Estate Services, Newport Beach (PRES), has purchased TriCentre, a 211,960-square-foot, class-A office building in Orange. TA Associates sold the property, with Cushman & Wakefield serving as the exclusive advisor. The purchase price was not disclosed.
"PRES was attracted to TriCentre for its unparalleled freeway location at the I-5/22/57 Freeways, its credit tenant roster and the ability to lease existing vacancy in a rising rent environment," said Jeffrey Cole, executive director with Cushman & Wakefield.
TA Associates was represented by Cole, Ed Hernandez and Greg Brown from Cushman & Wakefield's Irvine office.
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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.
