SANTA ANA, CA—A 197,370-square-foot office campus here is about to be repositioned to emphasize its identity as a true campus. Kearny Real Estate has purchased the newly named Elevate@Harbor from the Colton Co. for $34.8 million.

Elevate@Harbor includes two mid-rise buildings on eight acres at 3100-3130 Harbor Blvd. in the South Coast Metro West submarket, which was once a pocket of industrial and older-office use and is now undergoing a transformation to office use that is attracting “dynamic companies, a Millennial workforce and exciting amenities to the area,” Kearny partner Hoonie Kang said in a prepared statement. To capitalize on the building's functional layout, which can accommodate full- and partial-floor users, Kearny plans on investing approximately $15 million to reposition the office campus, he added.

Built in 1982, the three- and five-story glass-curtain-wall buildings were built on top of one level of podium construction, creating nearly an acre of open space. Kearny plans to take advantage of the unique aspects of the building, starting with the podium construction.