{"id":1004181756,"date":"2017-06-23T04:40:23","date_gmt":"2017-06-23T12:40:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004181756"},"modified":"2022-12-08T04:30:44","modified_gmt":"2022-12-08T12:30:44","slug":"santa-ana-office-park-trades-for-32-8m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/santa-ana-office-park-trades-for-32-8m\/","title":{"rendered":"Santa Ana Office Park Trades for $32.8M"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004181759\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Alton-Deere-Plaza-in-Santa-Ana-Calif.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004181759\" data-attachment-id=\"1004181759\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/santa-ana-office-park-trades-for-32-8m\/alton-deere-plaza-in-santa-ana-calif\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Alton-Deere-Plaza-in-Santa-Ana-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=\"Alton Deere Plaza in Santa Ana, Calif.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Alton Deere Plaza in Santa Ana, Calif.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Alton-Deere-Plaza-in-Santa-Ana-Calif.jpg?w=640\" class=\"wp-image-1004181759 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Alton-Deere-Plaza-in-Santa-Ana-Calif.jpg\" alt=\"Alton Deere Plaza in Santa Ana, Calif.\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Alton-Deere-Plaza-in-Santa-Ana-Calif.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Alton-Deere-Plaza-in-Santa-Ana-Calif.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004181759\" class=\"wp-caption-text\">Alton Deere Plaza in Santa Ana, Calif.<\/p><\/div>\n<p>Benchmark Holdings has acquired Alton Deere Plaza, an office park in Santa Ana, Calif., from TA Associates Realty. The 185,245-square-foot asset changed hands for $32.8 million. CBRE\u2019s Shaun Moothart and Bruce Francis negotiated a five-year floating-rate bridge loan. Anthony DeLorenzo, Gary Stache, Sean Sullivan, Todd Tydlaska and Ted Snell of CBRE represented the seller.<\/p>\n<h2>High occupancy<\/h2>\n<p>Alton Deere Plaza is located at 1920-1940 Deere Ave., in the heart of the Irvine Business Center. The property offers convenient access to and from Costa Mesa Freeway and San Diego Freeway, as well as the John Wayne Airport. The asset features one- and two-story office buildings. At the time of sale, Alton Deere Plaza was 96 percent leased to 21 tenants, including Verizon, XO Communications and American Cancer Society. According to Yardi Matrix data, TA Associates Realty acquired the property in 2005 from CarrAmerica Realty for $33.7 million.<\/p>\n<p>Earlier this month, CBRE also arranged the sale of a two-story, 40,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-san-diego-office-building\/\">San Diego office building<\/a>.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Benchmark Holdings purchased Alton Deere Plaza from TA Associates Realty. At the time of sale, the two-building, 185,245-square-foot property was 96 percent occupied.<\/p>\n","protected":false},"author":753,"featured_media":1004181759,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,1594,21742,21747,15],"tags":[32789,36370,33333,36371,33061],"class_list":["post-1004181756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-los-angeles","category-latest","category-office","category-west","tag-cbre","tag-sean-sullivan","tag-ta-associates","tag-todd-tydlaska","tag-verizon"],"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>Santa Ana Office Park Trades for $32.8M - 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\/santa-ana-office-park-trades-for-32-8m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Santa Ana Office Park Trades for $32.8M\" \/>\n<meta property=\"og:description\" content=\"Benchmark Holdings purchased Alton Deere Plaza from TA Associates Realty. 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