TUSTIN, CA—Harbor Associates has acquired Tustin Commons, a 210,875 square foot, three building, office and flex portfolio in a joint venture with Stockbridge Capital Group.
Harbor sourced the asset in an off-market transaction by capitalizing on its local knowledge that the previous tenant was vacating the entire campus in Q2 2016 and was able to secure a 20,000 square foot, multi-billion-dollar tenant in tow during escrow.
Harbor also owns the 40,000 square foot Bespoke Tustin property across the street from Tustin Commons. The portfolio marks the fifth value-add office acquisition for Harbor in the last fourteen months and expands the firm's existing footprint in Orange County. John Collins and Gary McArdell of Lee & Associates Newport Beach represented the buyer and seller in the transaction. Greg Brown, John Chun and Jamie Kline of HFF arranged the financing for the project.
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.
