Drawbridge Realty has purchased Pacific Center, a 390,600-square-foot, two-building corporate office campus in Santa Ana, Calif., for $97.5 million.
“We’re pleased to have acquired another attractive corporate headquarters office campus in Orange County, an area with a well-diversified, vibrant economy and high residential desirability,” said Chris Elmendorf, vice president, investments at Drawbridge. “Pacific Center was recently renovated in 2017 and now has strong anchor tenants in place. Combining the campus with our neighboring investment at 1700 E. Saint Andrew Place, Drawbridge now owns over 37 acres of contiguous land and improvements strategically located in an opportunity zone. Pacific Center offers strong, long-term value for Drawbridge and we’re excited to add it to our growing national portfolio.”
Located at 1600–1610 E. Saint Andrew Place in Santa Ana, Pacific Center is centrally located within the Greater Airport Area office submarket near John Wayne Airport. The location offers strong freeway access and a multitude of retail, office and housing options.