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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