{"id":1004200735,"date":"2017-12-15T08:44:45","date_gmt":"2017-12-15T16:44:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004200735"},"modified":"2022-12-08T14:40:04","modified_gmt":"2022-12-08T22:40:04","slug":"pendulum-acquires-46m-la-mixed-use","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pendulum-acquires-46m-la-mixed-use\/","title":{"rendered":"Pendulum Acquires $46M OC Mixed-Use"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004200757\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Stadium-Crossings-aerial.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004200757\" data-attachment-id=\"1004200757\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/pendulum-acquires-46m-la-mixed-use\/stadium-crossings-aerial\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Stadium-Crossings-aerial.jpg\" data-orig-size=\"800,620\" 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;1&quot;}\" data-image-title=\"Stadium Crossings aerial\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Stadium Crossings aerial&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Stadium-Crossings-aerial.jpg?w=800\" class=\"wp-image-1004200757 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Stadium-Crossings-aerial.jpg\" alt=\"Stadium Crossings aerial\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Stadium-Crossings-aerial.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Stadium-Crossings-aerial.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Stadium-Crossings-aerial.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004200757\" class=\"wp-caption-text\">Stadium Crossings aerial<\/p><\/div>\n<p>Pendulum Property Partners and Long Wharf Capital have acquired Stadium Crossings, a mixed-use property in Anaheim, Calif., for $46 million. The joint venture purchased the asset through an auction process led by Newmark Knight Frank.\u00a0<\/p>\n<p>Located at the intersection of East Katella Avenue and North State College Boulevard, the 165,000-square-foot Stadium Crossings features one four-story, multi-tenant office building; two stand-alone restaurants; a pad site formerly occupied by a bank; a food court and a church. Major tenants include Starbucks, Baskin Robbins, Denny&#8217;s, Panda Express, Togo&#8217;s and Carl&#8217;s Jr. Pendulum plans to lease the vacant pad site, as well as undergo select cosmetic updates throughout the property.\u00a0<\/p>\n<p><em>&#8220;The acquisition of Stadium Crossings fits perfectly within Pendulum\u2019s investment strategy of acquiring well-located office and retail properties with value-add potential and limited downside risk,&#8221;<\/em> Brian Walker, partner at Pendulum, told <em>Commercial Property Executive. &#8220;With occupancy over 90 percent, the property provides a stable income stream, as well as the ability to add value through lease up of the vacant pad site and improvements to the common areas.\u00a0Pendulum will add additional value through lease up of the vacant pad site, as well as upgrades to the landscaping and common areas of the project.&#8221;<\/em><\/p>\n<p>At the center of the Platinum Triangle, the property offers convenient access to the 55 freeway, Interstate 5 freeway and the Axis office campus, which Pendulum operates.\u00a0<\/p>\n<p>Stadium Crossings is Pendulum\u2019s fourth acquisition this year, bringing its total volume to more than $140 million in 2017. Other purchases included Jamboree<a href=\"https:\/\/www.commercialsearch.com\/news\/orange-county-office-acquisition-is-pendulums-first-swing\/\"> Business Center in Irvine<\/a>, Calif.; Peter&#8217;s Landing in Huntington Beach, Calif., and Brickyard in Ontario.\u00a0<\/p>\n<p><em>Image courtesy of\u00a0Pendulum Property Partners<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a partnership with Long Wharf Capital, Pendulum purchased Stadium Crossing, a 165,000-square-foot property that features office, retail and a vacant pad site. <\/p>\n","protected":false},"author":746,"featured_media":1004200757,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1594,21752,21742,15],"tags":[34931,36007,34266],"class_list":["post-1004200735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-los-angeles","category-mixed-use","category-latest","category-west","tag-long-wharf-capital","tag-newmark-knight-frank","tag-pendulum-property-partners"],"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>Pendulum Acquires $46M OC Mixed-Use - 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\/pendulum-acquires-46m-la-mixed-use\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pendulum Acquires $46M OC Mixed-Use\" \/>\n<meta property=\"og:description\" content=\"In a partnership with Long Wharf Capital, Pendulum purchased Stadium Crossing, a 165,000-square-foot property that features office, retail and a vacant pad site.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/pendulum-acquires-46m-la-mixed-use\/\" \/>\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=\"2017-12-15T16:44:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T22:40:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Stadium-Crossings-aerial.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\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\/pendulum-acquires-46m-la-mixed-use\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/pendulum-acquires-46m-la-mixed-use\/\",\"name\":\"Pendulum Acquires $46M OC Mixed-Use - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pendulum-acquires-46m-la-mixed-use\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pendulum-acquires-46m-la-mixed-use\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Stadium-Crossings-aerial.jpg\",\"datePublished\":\"2017-12-15T16:44:45+00:00\",\"dateModified\":\"2022-12-08T22:40:04+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pendulum-acquires-46m-la-mixed-use\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/pendulum-acquires-46m-la-mixed-use\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pendulum-acquires-46m-la-mixed-use\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Stadium-Crossings-aerial.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Stadium-Crossings-aerial.jpg\",\"width\":800,\"height\":620,\"caption\":\"Stadium Crossings aerial\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pendulum-acquires-46m-la-mixed-use\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pendulum Acquires $46M OC Mixed-Use\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\",\"name\":\"IvyLee Rosario\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"caption\":\"IvyLee Rosario\"},\"description\":\"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here\u2014Twitter: @IvyLeeRosario and LinkedIn: https:\/\/www.linkedin.com\/in\/ivyleerosario\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/ivyleerosario\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Pendulum Acquires $46M OC Mixed-Use - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/pendulum-acquires-46m-la-mixed-use\/","og_locale":"en_US","og_type":"article","og_title":"Pendulum Acquires $46M OC Mixed-Use","og_description":"In a partnership with Long Wharf Capital, Pendulum purchased Stadium Crossing, a 165,000-square-foot property that features office, retail and a vacant pad site.","og_url":"https:\/\/www.commercialsearch.com\/news\/pendulum-acquires-46m-la-mixed-use\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-12-15T16:44:45+00:00","article_modified_time":"2022-12-08T22:40:04+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Stadium-Crossings-aerial.jpg","type":"image\/jpeg"}],"author":"IvyLee Rosario","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/pendulum-acquires-46m-la-mixed-use\/","url":"https:\/\/www.commercialsearch.com\/news\/pendulum-acquires-46m-la-mixed-use\/","name":"Pendulum Acquires $46M OC Mixed-Use - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/pendulum-acquires-46m-la-mixed-use\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/pendulum-acquires-46m-la-mixed-use\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Stadium-Crossings-aerial.jpg","datePublished":"2017-12-15T16:44:45+00:00","dateModified":"2022-12-08T22:40:04+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/pendulum-acquires-46m-la-mixed-use\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/pendulum-acquires-46m-la-mixed-use\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/pendulum-acquires-46m-la-mixed-use\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Stadium-Crossings-aerial.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Stadium-Crossings-aerial.jpg","width":800,"height":620,"caption":"Stadium Crossings aerial"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/pendulum-acquires-46m-la-mixed-use\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Pendulum Acquires $46M OC Mixed-Use"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780","name":"IvyLee Rosario","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","caption":"IvyLee Rosario"},"description":"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here\u2014Twitter: @IvyLeeRosario and LinkedIn: https:\/\/www.linkedin.com\/in\/ivyleerosario\/","url":"https:\/\/www.commercialsearch.com\/news\/author\/ivyleerosario\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Stadium-Crossings-aerial.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004200735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/746"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004200735"}],"version-history":[{"count":9,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004200735\/revisions"}],"predecessor-version":[{"id":1004201233,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004200735\/revisions\/1004201233"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004200757"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004200735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004200735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004200735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}