{"id":1004345747,"date":"2019-08-13T23:28:17","date_gmt":"2019-08-14T07:28:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004345747"},"modified":"2019-08-14T05:35:31","modified_gmt":"2019-08-14T13:35:31","slug":"drawbridge-realty-picks-up-oz-asset-for-98m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/drawbridge-realty-picks-up-oz-asset-for-98m\/","title":{"rendered":"Drawbridge Realty Picks Up Opportunity Zone Asset for $98M"},"content":{"rendered":"<div id=\"attachment_1004345750\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Pacific-Center-e1565729740703.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004345750\" data-attachment-id=\"1004345750\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/drawbridge-realty-picks-up-oz-asset-for-98m\/pacific-center-3\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Pacific-Center-e1565729740703.jpg\" data-orig-size=\"845,634\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;9&quot;,&quot;credit&quot;:&quot;Nick Carver&quot;,&quot;camera&quot;:&quot;Canon EOS 6D&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1554321616&quot;,&quot;copyright&quot;:&quot;Nick Carver&quot;,&quot;focal_length&quot;:&quot;24&quot;,&quot;iso&quot;:&quot;320&quot;,&quot;shutter_speed&quot;:&quot;0.5&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Pacific Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Pacific Center. Image courtesy of Newmark Knight Frank&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Pacific-Center-e1565729740703.jpg?w=845\" class=\"wp-image-1004345750 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Pacific-Center-e1565729740703.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Pacific-Center-e1565729740703.jpg 845w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Pacific-Center-e1565729740703.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Pacific-Center-e1565729740703.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004345750\" class=\"wp-caption-text\">Pacific Center.<em> Image courtesy of Newmark Knight Frank<\/em><\/p><\/div>\n<p>San Francisco-based Drawbridge Realty has acquired a 390,600-square-foot office campus in an Opportunity Zone in Orange County, Calif. A joint venture of PCCP LLC and Brookhollow sold the asset for $97.5 million.<\/p>\n<p>Pacific Center is a two-building office property located at 1600 and 1610 E. Saint Andrew Place in Santa Ana. Situated on 24 acres within Orange County\u2019s Greater Airport Area office submarket, the campus is 85 percent occupied. The office property is located within close proximity to interstates 5 and 405, as well as John Wayne Airport, situated about 5 miles away. Tenant amenities at the property include nearly 2,100 parking spaces, outdoor collaborative areas, high ceilings, large floor plates and significant window lines. Both two-story buildings were completed in 1992 and underwent an extensive $3.5 million renovation in 2017<\/p>\n<p>Drawbridge also owns an office property adjacent to Pacific Center, bringing its total ownership to more than 34 contiguous acres in an Opportunity Zone. An NKF team of Paul Jones, Kevin Shannon, Brunson Howard, Blake Bokosky and Brandon White represented the seller in the deal, while Drawbridge Realty was self-represented.<\/p>\n<p>Orange County\u2019s office market <a href=\"https:\/\/www.commercialsearch.com\/news\/office-orange-county-report-winter-2019\/\">has been growing steadily<\/a> over the last few years. According to a recent Yardi Matrix report, coworking firms have leased more than 1 million square feet in the metro as of November 2018. Last month, developer Primior <a href=\"https:\/\/www.commercialsearch.com\/news\/mixed-use-opportunity-zone-project-breaks-ground-in-oc\/\">broke ground on First Harbor Plaza<\/a>, a two-building commercial development in an Opportunity Zone in Santa Ana, followed by LaSalle Investments Management <a href=\"https:\/\/www.commercialsearch.com\/news\/lasalle-buys-office-building-in-orange-county-for-55m\/\">picking up a 216,864-square-foot<\/a> office building nearby for $55.4 million from Tireco. That property is located within the Hutton Centre mixed-use campus.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company also owns an office property next to the two-building campus in Santa Ana, Calif.<\/p>\n","protected":false},"author":745,"featured_media":1004345750,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21783,21742,21747,34267,15],"tags":[37860,37444,43688,33053],"class_list":["post-1004345747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-investment","category-latest","category-office","category-orange-county","category-west","tag-brookhollow","tag-drawbridge-realty","tag-opportunity-zones","tag-pccp-llc"],"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>Drawbridge Realty Picks Up Opportunity Zone Asset for $98M - 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\/drawbridge-realty-picks-up-oz-asset-for-98m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Drawbridge Realty Picks Up Opportunity Zone Asset for $98M\" \/>\n<meta property=\"og:description\" content=\"The company also owns an office property next to the two-building campus in Santa Ana, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/drawbridge-realty-picks-up-oz-asset-for-98m\/\" \/>\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=\"2019-08-14T07:28:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-08-14T13:35:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Pacific-Center-e1565729740703.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"845\" \/>\n\t<meta property=\"og:image:height\" content=\"634\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Holly Dutton\" \/>\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\/drawbridge-realty-picks-up-oz-asset-for-98m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/drawbridge-realty-picks-up-oz-asset-for-98m\/\",\"name\":\"Drawbridge Realty Picks Up Opportunity Zone Asset for $98M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/drawbridge-realty-picks-up-oz-asset-for-98m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/drawbridge-realty-picks-up-oz-asset-for-98m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Pacific-Center-e1565729740703.jpg\",\"datePublished\":\"2019-08-14T07:28:17+00:00\",\"dateModified\":\"2019-08-14T13:35:31+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/drawbridge-realty-picks-up-oz-asset-for-98m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/drawbridge-realty-picks-up-oz-asset-for-98m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/drawbridge-realty-picks-up-oz-asset-for-98m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Pacific-Center-e1565729740703.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Pacific-Center-e1565729740703.jpg\",\"width\":845,\"height\":634,\"caption\":\"Pacific Center. Image courtesy of Newmark Knight Frank\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/drawbridge-realty-picks-up-oz-asset-for-98m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Drawbridge Realty Picks Up Opportunity Zone Asset for $98M\"}]},{\"@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\/9259ffaba4775229ae3556b9555e566d\",\"name\":\"Holly Dutton\",\"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\/Holly-D-Dutton-e1622041566670.png?w=75\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75\",\"caption\":\"Holly Dutton\"},\"description\":\"Holly Dutton is a Senior Editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2018 and has reported on the real estate sector since 2012. She was previously with Real Estate Weekly and the Houston Chronicle. Connect with her on twitter: @HollyDutton\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/hollydutton\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Drawbridge Realty Picks Up Opportunity Zone Asset for $98M - 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\/drawbridge-realty-picks-up-oz-asset-for-98m\/","og_locale":"en_US","og_type":"article","og_title":"Drawbridge Realty Picks Up Opportunity Zone Asset for $98M","og_description":"The company also owns an office property next to the two-building campus in Santa Ana, Calif.","og_url":"https:\/\/www.commercialsearch.com\/news\/drawbridge-realty-picks-up-oz-asset-for-98m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-08-14T07:28:17+00:00","article_modified_time":"2019-08-14T13:35:31+00:00","og_image":[{"width":845,"height":634,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Pacific-Center-e1565729740703.jpg","type":"image\/jpeg"}],"author":"Holly Dutton","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\/drawbridge-realty-picks-up-oz-asset-for-98m\/","url":"https:\/\/www.commercialsearch.com\/news\/drawbridge-realty-picks-up-oz-asset-for-98m\/","name":"Drawbridge Realty Picks Up Opportunity Zone Asset for $98M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/drawbridge-realty-picks-up-oz-asset-for-98m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/drawbridge-realty-picks-up-oz-asset-for-98m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Pacific-Center-e1565729740703.jpg","datePublished":"2019-08-14T07:28:17+00:00","dateModified":"2019-08-14T13:35:31+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/drawbridge-realty-picks-up-oz-asset-for-98m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/drawbridge-realty-picks-up-oz-asset-for-98m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/drawbridge-realty-picks-up-oz-asset-for-98m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Pacific-Center-e1565729740703.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Pacific-Center-e1565729740703.jpg","width":845,"height":634,"caption":"Pacific Center. Image courtesy of Newmark Knight Frank"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/drawbridge-realty-picks-up-oz-asset-for-98m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Drawbridge Realty Picks Up Opportunity Zone Asset for $98M"}]},{"@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\/9259ffaba4775229ae3556b9555e566d","name":"Holly Dutton","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\/Holly-D-Dutton-e1622041566670.png?w=75","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75","caption":"Holly Dutton"},"description":"Holly Dutton is a Senior Editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2018 and has reported on the real estate sector since 2012. She was previously with Real Estate Weekly and the Houston Chronicle. Connect with her on twitter: @HollyDutton","url":"https:\/\/www.commercialsearch.com\/news\/author\/hollydutton\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Pacific-Center-e1565729740703.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004345747","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\/745"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004345747"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004345747\/revisions"}],"predecessor-version":[{"id":1004345978,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004345747\/revisions\/1004345978"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004345750"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004345747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004345747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004345747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}