LaSalle Makes Value-Add Office Play in OC

LaSalle Investment Management has acquired 4 Hutton Centre through its value-add fund series.

By Kelsi Maree Borland | July 24, 2019 at 04:00 AM

LaSalle Investment Management has acquired 4 Hutton Centre, a 216,864-square-foot office building in the Airport submarket of Orange County, for an undisclosed price. The firm acquired the property through its value-add fund series LaSalle Income & Growth.

Located in the Hutton Centre mixed-use campus, the class-A office building is 80% occupied by 21 tenants. It was last updated in 2012, and has significant opportunity to drive value through repairs and leasing.

LaSalle Investment Management plans to add tenant amenities, upgrade the lobby and lease-up the property to further position the property as a class-A office building.

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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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