{"id":1004166325,"date":"2017-02-09T05:41:21","date_gmt":"2017-02-09T13:41:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004166325"},"modified":"2022-12-09T02:19:12","modified_gmt":"2022-12-09T10:19:12","slug":"hines-jv-acquires-mixed-use-anaheim-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hines-jv-acquires-mixed-use-anaheim-campus\/","title":{"rendered":"Hines JV Acquires Mixed-Use Anaheim Campus"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004166336\" style=\"width: 400px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pacific-Center.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004166336\" data-attachment-id=\"1004166336\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hines-jv-acquires-mixed-use-anaheim-campus\/pacific-center-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pacific-Center.jpg\" data-orig-size=\"1650,950\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Pacific Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Pacific Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pacific-Center.jpg?w=1024\" class=\"wp-image-1004166336\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pacific-Center.jpg\" alt=\"Pacific Center\" width=\"390\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pacific-Center.jpg 1650w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pacific-Center.jpg?resize=300,173 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pacific-Center.jpg?resize=768,442 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pacific-Center.jpg?resize=1024,590 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pacific-Center.jpg?resize=1536,884 1536w\" sizes=\"auto, (max-width: 390px) 100vw, 390px\" \/><\/a><p id=\"caption-attachment-1004166336\" class=\"wp-caption-text\">Pacific Center in Anaheim, Calif.<\/p><\/div>\n<p><strong>Anaheim, Calif.<\/strong>\u2014Hines has announced that, in partnership with a fund managed by Oaktree Capital Management LP, it has acquired Pacific Center in Anaheim. The mixed-use campus is located at the intersection of North Tustin and E. La Palma Avenues.<\/p>\n<p>The property\u00a0comprises four buildings totaling 143,000 square feet across 15.5 acres. Built between 1985 and 1991, the campus consists of Class A office, flex-industrial, and retail, also offers land for further development. The property was 93 percent leased upon acquisition. Vacancies can be found in the retail portion of the campus, with a capital improvement program set in place to include new site work, landscaping, premier signage and updates to building facades. Construction will begin in spring 2017.<\/p>\n<p>The campus offers immediate access to major thoroughfares including the Riverside and Costa Mesa freeways, also hosting the Anaheim Canyon Metrolink station.<\/p>\n<p>\u201cThe on-site Metrolink station provides an opportunity for walkable, transit-oriented, mixed-use development in the Orange County area,\u201d said Ray Lawler, managing director at Hines, in prepared remarks. \u201cWe see the transit-centered nature of the site as one of the most compelling features of the project and are eager to improve the campus through our strategic capital plan.\u201d<\/p>\n<p><em>Image courtesy of Hines<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property comprises four buildings totaling 143,000 square feet across 15.5 acres.<\/p>\n","protected":false},"author":746,"featured_media":1004166336,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1594,21752,21742,15],"tags":[32797,32944,33910],"class_list":["post-1004166325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-los-angeles","category-mixed-use","category-latest","category-west","tag-hines","tag-oaktree-capital-management","tag-ray-lawler"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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