IRVINE, CA—BLT Enterprises, a multi-faceted commercial real estate investment company, has acquired a four-building office, flex and industrial portfolio encompassing 170,447 square feet and spanning four Orange County cities from Cordia Capital Management, a leading private real estate investment firm based in Los Angeles.
“We are pleased to make the sale at a time when capital markets are favorable to us and look forward to reinvesting the proceeds into strategic opportunities elsewhere,” said Katie Kalvoda, chief investment officer of Cordia Capital Management.
Cordia has a long history of investing in the Orange County market and has accumulated a significant portfolio comprised of institutional quality office, retail, industrial and multifamily assets throughout California and the Western United States. BLT acquired the portfolio for $28 million or $164 per square foot. The assets, which encompass an estimated total of 11.19 acres, are 100% occupied and strategically located in growing infill markets with immediate access to major Southern California freeways, according to Bernard Huberman, founder and president of BLT Enterprises.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 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.
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.
