{"id":1004179471,"date":"2017-06-07T06:49:31","date_gmt":"2017-06-07T14:49:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004179471"},"modified":"2022-12-08T06:00:58","modified_gmt":"2022-12-08T14:00:58","slug":"ngkf-brokers-59m-anaheim-office-building-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ngkf-brokers-59m-anaheim-office-building-sale\/","title":{"rendered":"NGKF Brokers $59M Anaheim Office Building Sale"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004179473\" style=\"width: 360px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/200-Center-in-Anaheim-Calif.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004179473\" data-attachment-id=\"1004179473\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ngkf-brokers-59m-anaheim-office-building-sale\/200-center-in-anaheim-calif\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/200-Center-in-Anaheim-Calif.jpg\" data-orig-size=\"640,512\" 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=\"200 Center in Anaheim, Calif.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;200 Center in Anaheim, Calif&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/200-Center-in-Anaheim-Calif.jpg?w=640\" class=\"wp-image-1004179473 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/200-Center-in-Anaheim-Calif.jpg\" alt=\"200 Center in Anaheim, Calif.\" width=\"350\" height=\"280\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/200-Center-in-Anaheim-Calif.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/200-Center-in-Anaheim-Calif.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 350px) 100vw, 350px\" \/><\/a><p id=\"caption-attachment-1004179473\" class=\"wp-caption-text\">200 Center in Anaheim, Calif.<\/p><\/div>\n<p>NGKF Capital Markets brokered the sale of a 191,556-square-foot Class A office building in downtown Anaheim, Calif. The property, fully occupied by St. Joseph Health System, changed hands for $58.9 million. NGKF\u2019s Kevin Shannon, Paul Jones, Ken White and Blake Bokosky represented the seller, a joint venture between Mariner Real Estate Management and PRES Cos. David Milestone and Brett Green of NGKF executed the debt on behalf of the 1031 exchange buyer, Greenlaw Partners.<\/p>\n<p>Located at 200 W. Center Street Promenade, the eight-story building was completed in 1992 and underwent a complete renovation in 2015. The property also features a six-level parking structure with more than 950 spaces. According to Yardi Matrix, PRES Cos. acquired the property in 2014 from AT&amp;T for $18 million. The transaction was subject to a $43.5 million loan held by Wells Fargo Bank. St. Joseph Health System still has 10 years remaining on its long-term lease.<\/p>\n<p><em>&#8220;The revitalized location, coupled with the stability and security of having an investment grade credit tenant on a long-term basis was extremely attractive to the buyer,&#8221; <\/em>said Paul Jones, senior managing director at NGKF Capital Markets, in a prepared statement.<\/p>\n<p>Earlier this year, NGKF appointed <a href=\"https:\/\/www.commercialsearch.com\/news\/ngkf-taps-industrial-managing-director\/\">Danny Williams<\/a> as managing director in the firms office in El Segundo, Calif.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property consists of an eight-story office building and a six-level parking structure. The sale was involved in a 1031 tax deferred exchange. NGKF Capital Markets represented both the seller and the buyer in the transaction. <\/p>\n","protected":false},"author":753,"featured_media":1004179473,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1594,21742,21747,15],"tags":[36000,33532,32845,33531,35999,35998],"class_list":["post-1004179471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-los-angeles","category-latest","category-office","category-west","tag-greenlaw-partners","tag-kevin-shannon","tag-ngkf","tag-paul-jones","tag-pres-companies","tag-st-joseph-health-system"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NGKF Brokers $59M Anaheim Office Building Sale - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ngkf-brokers-59m-anaheim-office-building-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NGKF Brokers $59M Anaheim Office Building Sale\" \/>\n<meta property=\"og:description\" content=\"The property consists of an eight-story office building and a six-level parking structure. 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NGKF Capital Markets represented both the seller and the buyer in the transaction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ngkf-brokers-59m-anaheim-office-building-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-07T14:49:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T14:00:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/200-Center-in-Anaheim-Calif.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Razvan Cimpean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ngkf-brokers-59m-anaheim-office-building-sale\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/ngkf-brokers-59m-anaheim-office-building-sale\/\",\"name\":\"NGKF Brokers $59M Anaheim Office Building Sale - 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