A joint venture of Hines Interests and Oaktree Capital Management has sold the 405K SF Raytheon Campus in Fullerton, CA to a local family investor for $76.5M.
In terms of its size, the deal for the Raytheon Campus was the largest office trade in Orange County since the beginning of 2023. Cushman & Wakefield represented the seller.
The partners had owned the campus since 2012, when they acquired the 34-acre complex—which dates back to 1986—for $50M. The campus includes two three-story buildings with Defense contractor Raytheon the single tenant since the complex opened.
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