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Blackstone Sells Orange Office Bldg for $33M

TA Realty Buys 148,000-SF City Centre I
February 16, 2018
TA Realty acquired the City Centre I office building at 625 The City Dr. S in Orange, CA for $33 million, or about $223 per square foot, from The Blackstone Group LP.

The four-story office building, located on a 7.2-acre parcel, totals 148,054 square feet in Orange County. Built in 1990 and renovated in 2016, the building was 88 percent leased to multiple tenants at the time of sale.

Kevin Shannon, Blake Bokosky, Paul Jones and Sean Fulp of Newmark Knight Frank represented the seller. The buyer handled the sale in-house.

Please reference CoStar COMPS #4133945 for more information.
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