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CRC Real Estate Acquires Centrum North Medical Building

ORANGE, CA—The eight-story medical office building, constructed in 1985, is located near CHOC Children's Hospital.

By David Phillips | Updated on January 08, 2016

ORANGE, CA—NAI Capital has completed the sale of the Centrum North Building, located at 1120 W. La Veta Ave. in Orange, to CRC Real Estate Corporation, an affiliate of CHOC Children’s. The sale price totalled $43,950,000 or approximately $245 per square foot. The seller, 4128 Wilshire, LLC, was represented by CBRE.

The sale was arranged through Sonya Dopp-Grech, senior vice president and director of healthcare services group at NAI Capital, a brokerage firm that has represented CRC Real Estate Corp. for many years. “Due to its proximity to CHOC Children’s Hospital, this acquisition is strategic for both the long-term growth of the hospital and as an institutional quality investment,” said Dopp-Grech.

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