COSTA MESA, CA—Prudential Real Estate Investors in a joint venture with McCarthy Cook & Co. has acquired MetroCenter at South Coast, an office campus built on 15 acres with three 12-story office towers and a three-story health club. Terms of the transaction were not disclosed.
Situated near the coastal residential communities of Newport Beach, Laguna Beach and Corona del Mar, the MetroCenter is within short walking distance to Orange County's high concentration of luxury retailers, upscale restaurants, art and entertainment venues and high-quality hotels.
McCarty Cook is a real estate investment and development firm specializing in office, life science and mixed-use real estate assets, the company announced today. Prudential Real Estate Investors, operating on behalf of institutional investors, is the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE: PRU), and operates as Pramerica Real Estate Investors in markets outside the Americas, Korea and Japan.
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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.
