Greenlaw Partners and Walton Street Capital are planning to convert an office campus in Santa Ana to industrial use.
Greenlaw and Walton are planning to revamp Park 55, a five-building business park located at 1221-1251 East Dyer Road. The partners also are looking for an investor to buy a $60M senior loan tied to the property, according to a report in the Orange County Business Journal.
Irvine-based Greenlaw and Walton, based in Chicago, bought what was then the Orange County Business Center in 2018 for $17M. They have since spent $10M upgrading the campus. Cushman & Wakefield has listed the property.
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