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Greenlaw Partners buys Orange County flex building

PepsiCo continues long-term leasebacks in Southern California
PepsiCo has sold its building in Aliso Viejo, California, but will continue to use it as a distribution center. (CoStar)
PepsiCo has sold its building in Aliso Viejo, California, but will continue to use it as a distribution center. (CoStar)
By Garrett Hug with
CoStar Research
April 9, 2026 | 6:27 P.M.

Greenlaw Partners and CFT NV Developments have acquired a flex building at 27717 Aliso Creek Road in Aliso Viejo, California, from PepsiCo for $41.1 million, or $437.89 per square foot, in a sale-leaseback deal.

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