Canadian-based investor Onni Group has purchased Ocean Plaza, an 8.6-acre mixed-use complex in Huntington Beach, for $97.3 million from Decron Properties. The sale is part of Decron's strategy to divest from office assets in California.

Ocean Plaza has office and retail space. The property features a 207,645-square-foot, 14-story class-A office tower and 108,785 square feet of retail and restaurant space. In addition it has a six-level parking garage accommodating 863 automobiles.

The Cushman and Wakefield team led by executive vice chairman Marc Renard represented Decron Properties in the transaction.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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