{"id":1004241839,"date":"2018-07-11T04:54:32","date_gmt":"2018-07-11T12:54:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004241839"},"modified":"2022-12-07T22:13:34","modified_gmt":"2022-12-08T06:13:34","slug":"hines-oaktree-buy-576-ksf-industrial-complex-in-ca","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hines-oaktree-buy-576-ksf-industrial-complex-in-ca\/","title":{"rendered":"Hines, Oaktree Buy 576 KSF Industrial Complex in CA"},"content":{"rendered":"<p>By Barbra Murray<\/p>\n<div id=\"attachment_1004241845\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Beckman-Coulter-Campus.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004241845\" data-attachment-id=\"1004241845\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hines-oaktree-buy-576-ksf-industrial-complex-in-ca\/beckman-coulter-campus\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Beckman-Coulter-Campus-e1531313401629.png\" data-orig-size=\"1152,864\" 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=\"Beckman Coulter Campus\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Beckman Coulter Campus&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Beckman-Coulter-Campus-e1531313401629.png?w=1024\" loading=\"lazy\" class=\"wp-image-1004241845 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Beckman-Coulter-Campus-e1531313401629.png\" alt=\"Beckman Coulter Campus\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Beckman-Coulter-Campus-e1531313401629.png 1152w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Beckman-Coulter-Campus-e1531313401629.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Beckman-Coulter-Campus-e1531313401629.png?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Beckman-Coulter-Campus-e1531313401629.png?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004241845\" class=\"wp-caption-text\">Beckman Coulter Campus<\/p><\/div>\n<p>Hines has added a new net-leased industrial asset to its holdings. The international real estate firm joined forces with funds managed by Oaktree Capital Management on the acquisition of the Beckman Coulter Campus, an approximately 576,200-square-foot property in Brea, Calif. Hines&#8217; Orange County net-leased portfolio now totals about 1.5 million square feet.<\/p>\n<p>Beckman Coulter, a biomedical device producer, occupies the eponymous five-building complex in its entirety. The company has made its home at the campus, located at 250 S. Kraemer Blvd., since the completion of the industrial\/logistics property&nbsp;in 1979. In addition to R&amp;D and manufacturing facilities, the Beckman Coulter Campus features such amenities as fitness centers, dining options and outdoor common areas.&nbsp;<\/p>\n<h2>Partners in purchasing<\/h2>\n<p>With the Beckman Coulter Campus transaction, Hines and Oaktree have completed their 10th investment together in the North Orange County submarket.&nbsp;<em>\u201cNorth Orange County is particularly interesting given it\u2019s centrally located between Orange County, Los Angeles and the Inland Empire with convenient access to each of those large labor pools,\u201d <\/em>a Hines spokesperson told <em>Commercial Property Executive. \u201cThe NNN leased assets we\u2019ve bought up there provide attractive yields and good credit on large plots of land in submarkets that we like and know well.\u201d<\/em><\/p>\n<p>However,&nbsp;the partners&#8217; acquisition activities extend well beyond the Southern California region. The companies began investing as partners in 2010, and have since acquired in excess of 10 million square feet of assets spanning more than 20 markets in the U.S.<\/p>\n<p>Hines and Oaktree\u2019s transactions in Orange County over the last 18 months include Pacific Center, a <a href=\"https:\/\/www.commercialsearch.com\/news\/hines-jv-acquires-mixed-use-anaheim-campus\/\">mixed-use complex encompassing 143,000 square feet<\/a> in Anaheim. Additionally, the partners picked up <a href=\"https:\/\/www.commercialsearch.com\/news\/pacsun-global-hq-building-changes-ownership\/\">Pacific Sunwear\u2019s global headquarters building<\/a>, also located in Anaheim. In April 2018, the partners made a purchase in Canada, acquiring the approximately 708,400-square-foot First Tower office building in downtown Calgary.<\/p>\n<p><em>Image courtesy of Hines<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adding to their portfolio of net-leased assets in Orange County, the longtime partners acquired the Beckman Coulter Campus, a five-building property in Brea. <\/p>\n","protected":false},"author":969,"featured_media":1004507920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21748,21742,34267,15],"tags":[32797,32944],"class_list":["post-1004241839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-industrial","category-latest","category-orange-county","category-west","tag-hines","tag-oaktree-capital-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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