ORANGE, CA—A refresh and update of TriCentre's common areas are included in the plans for the recently acquired property, PRES's David Bonaparte tells GlobeSt.com. As we recently reported, PRES acquired the 10-story, 211,960-square-foot, class-A office building at 333 S. Anita Dr. here for an undisclosed price from TA Associates, with Cushman & Wakefield serving as the exclusive advisor. We spoke exclusively with Bonaparte, a managing principal of the firm along with Brad Schroth, about its plans for the property.
GlobeSt.com: What attracted you to the TriCentre property?
Bonaparte: It has great freeway visibility, some of the best freeway visibility to all areas, and we purchased it at a pretty attractive price as well.
GlobeSt.com: What are your firm's plans for the property?
Bonaparte: We're still figuring that part out. At a high level, it could use a common-area refresh and update. We haven't exactly figured out what that means yet, but we will do something to update it.
GlobeSt.com: What do you look for when acquiring office properties?
Bonaparte: Location is obviously very important. In this case, we needed the freeway access and great accessibility. Those two boxes were checked. We purchased this property as an opportunity to improve rents with cosmetic repositioning of the project.
GlobeSt.com: What other markets are you attracted to besides Orange County?
Bonaparte: We go up and down California. Right now, most of our portfolio is in Orange County, but we have an asset up in the Bay Area, and we have been active in the past in San Diego and L.A. County. California is our focus. We specialize in commercial real estate investment, management and brokerage in key California markets and have built a reputation for successfully maximizing value on behalf of a select group of institutional and private investors by utilizing creative strategies and successful solutions through the office, retail, industrial and hospitality sectors. We focus on identifying and acquiring core-plus and opportunistic properties in supply-constrained markets with high barriers to entry at below replacement cost.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
