{"id":1004322230,"date":"2019-05-08T06:36:39","date_gmt":"2019-05-08T14:36:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004322230"},"modified":"2019-05-08T06:36:39","modified_gmt":"2019-05-08T14:36:39","slug":"dollinger-properties-buys-suburban-oc-office","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dollinger-properties-buys-suburban-oc-office\/","title":{"rendered":"Dollinger Properties Buys Suburban OC Office"},"content":{"rendered":"<div id=\"attachment_1004322233\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Fairway-Center-I.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004322233\" data-attachment-id=\"1004322233\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/dollinger-properties-buys-suburban-oc-office\/fairway-center-i\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Fairway-Center-I.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=\"Fairway Center I. image courtesy of Yardi Matrix\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Fairway Center I. image courtesy of Yardi Matrix&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Fairway-Center-I.jpg?w=640\" class=\"wp-image-1004322233 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Fairway-Center-I.jpg\" alt=\"\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Fairway-Center-I.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Fairway-Center-I.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004322233\" class=\"wp-caption-text\">Fairway Center I. <em>Image courtesy of Yardi Matrix<\/em><\/p><\/div>\n<p>Dollinger Properties has acquired Fairway Center I, a 145,467-square-foot suburban office building in Brea, Calif., for $33.5 million. HFF arranged the sale on behalf of the seller, TA Realty. The building is 90.7 percent leased to five tenants.<\/p>\n<p>The office building is situated at 1800 E. Imperial Highway, near the intersection of freeways 90 and 57, around 20 miles from downtown Irvine and John Wayne Airport. Additionally, the office is located close to the 1.3 million-square-foot Brea Mall lifestyle center.<\/p>\n<p>Constructed in 1987, the two-story office building occupies 5.6 acres and features around 10,800 square feet of retail space, according to Yardi Matrix. Other features of the asset include a two-story marble lobby with a 25-foot circular skylight, lush landscaping, open floor plans and a parking garage.<\/p>\n<p><em>\u201cExtremely positive market fundamentals in the Brea office submarket, coupled with Fairway Center I\u2019s longevity of credit tenants and areas for capital improvements, attracted a variety of private and institutional investors to the project,\u201d<\/em> said Mark DeGiorgio, director at HFF, in prepared remarks.<\/p>\n<p>HFF\u2019s investment advisory team included DeGiorgio and Senior Managing Director Michael Leggett. In March, the firm arranged the sale as well as the financing of Trade Centre South, a<a href=\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-sale-financing-for-ft-lauderdale-office\/\"> 216,038-square-foot office in Fort Lauderdale<\/a>, Fla.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HFF brokered the sale of the 145,467-square-foot office building, located in Brea, Calif., on behalf of the seller, TA Realty.<\/p>\n","protected":false},"author":871,"featured_media":1004322233,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21747,34267,15],"tags":[45530,32792,32822],"class_list":["post-1004322230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-office","category-orange-county","category-west","tag-dollinger-properties","tag-hff","tag-ta-realty"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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