{"id":1004364467,"date":"2019-10-31T02:09:52","date_gmt":"2019-10-31T10:09:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004364467"},"modified":"2019-12-18T05:25:57","modified_gmt":"2019-12-18T13:25:57","slug":"harbor-expands-socal-office-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/harbor-expands-socal-office-portfolio\/","title":{"rendered":"Harbor Expands Orange County Office Portfolio"},"content":{"rendered":"
\"Anaheim<\/a>

Anaheim City Centre. Image courtesy of Harbor Associates<\/em><\/p><\/div>\n

Harbor Associates has acquired a two-building office portfolio in Orange County, Calif., for $80 million. The new owner will immediately begin renovations on the properties\u2014Anaheim City Centre at 222 S. Harbor Blvd. in Anaheim and Crown Cabot at 28202 Cabot Road in Laguna Niguel\u2014totaling 365,000 square feet. The seller was EQ Office, according to Yardi Matrix.<\/p>\n

The 10-story Anaheim City Centre offers 195,000 square feet of Class A office space and is currently 83 percent leased, Harbor Principal Paul Miszkowicz told Commercial Property Executive<\/em>. The seller was represented by CBRE\u2019s Anthony Delorenzo, Todd Tydlaska and Michael Longo in the deal.<\/p>\n

\n

READ ALSO:<\/strong> Harbor Buys LA Office Asset for $44M<\/a><\/p>\n

\n

The smaller six-story Crown Cabot offers 173,000 square feet of office space and is at 87 percent occupancy, Miszkowicz added. The tenant roster includes Morgan Stanley, Bank of America, Acrisure and ActivePDF. Newmark Knight Frank\u2019s Kevin Shannon, Paul Jones and Blake Bokosky worked on behalf of the seller for this transaction.<\/p>\n

Value-add approach<\/h2>\n
\"Crown<\/a>

Crown Cabot. Image courtesy of Newmark Knight Frank<\/em><\/p><\/div>\n

Renovations will include lobby enhancements, building exterior improvements, new signage, move-in ready suites, electric car charging stations, LED lighting retrofits and upgrades to the bathrooms and corridors. Refurbishment is expected to be completed by mid-2020, Miszkowicz told CPE<\/em>. Harbor also recently renovated a three-building, 211,000-square-foot office campus in Tustin, Calif., that later sold for $72.8 million.<\/p>\n

As for the Orange County market, Harbor Principal Rich McEnvoy said that even though the two submarkets were different, both shared the same position to provide high-quality offices in areas that are lacking. He added that the two office buildings are well-located in Northwest and South Orange County to take advantage of the existing talent pool.<\/p>\n

Sold on SoCal<\/h2>\n

The purchase of Anaheim City Centre and Crown Cabot is just another notch in Harbor\u2019s plans for major acquisitions in California. Earlier this month, Harbor partnered with Taconic Capital Advisors to purchase a 368,000-square-foot five-building office portfolio in San Bernardino, Calif.<\/a>,<\/u> for $41.7 million. And that sale came on the heels of Harbor\u2019s purchase of Topaz, a Class A office property in Los Angeles, for $43.5 million.<\/p>\n

Harbor now owns eight properties that total more than 1 million square feet in Orange County and has purchased 25 properties in the last five years. The company plans on buying even more to hit its goal of acquiring $250 million worth of assets in Southern California in the next 12 months. Currently, its regional footprint spans 2.7 million square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"

The investment company continued its buying spree with the purchase of two office buildings in Southern California for $80 million. <\/p>\n","protected":false},"author":883,"featured_media":1004364506,"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":[32789,36306,36007,36406],"class_list":["post-1004364467","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-cbre","tag-harbor-associates","tag-newmark-knight-frank","tag-paul-miszkowicz"],"acf":[],"yoast_head":"\nHarbor Expands Orange County Office Portfolio - 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\/harbor-expands-socal-office-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Harbor Expands Orange County Office Portfolio\" \/>\n<meta property=\"og:description\" content=\"The investment company continued its buying spree with the purchase of two office buildings in Southern California for $80 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/harbor-expands-socal-office-portfolio\/\" \/>\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=\"2019-10-31T10:09:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-12-18T13:25:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Anaheim-City-Centre-1.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=\"Jackson Chen\" \/>\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\/harbor-expands-socal-office-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/harbor-expands-socal-office-portfolio\/\",\"name\":\"Harbor Expands Orange County Office Portfolio - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/harbor-expands-socal-office-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/harbor-expands-socal-office-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Anaheim-City-Centre-1.jpg\",\"datePublished\":\"2019-10-31T10:09:52+00:00\",\"dateModified\":\"2019-12-18T13:25:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/harbor-expands-socal-office-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/harbor-expands-socal-office-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/harbor-expands-socal-office-portfolio\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Anaheim-City-Centre-1.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Anaheim-City-Centre-1.jpg\",\"width\":800,\"height\":620,\"caption\":\"Anaheim City Centre. Image courtesy of Harbor Associates\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/harbor-expands-socal-office-portfolio\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Harbor Expands Orange County Office Portfolio\"}]},{\"@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\/8d4607aca26f3427c49fe54ddc82ddf1\",\"name\":\"Jackson Chen\",\"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\/2023\/06\/jchenheadshot.png?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/jchenheadshot.png?w=96\",\"caption\":\"Jackson Chen\"},\"description\":\"Jackson Chen is a Connecticut-based freelance writer who has reported on real estate for more than five years. He cut his teeth with real estate journalism when he previously wrote for Real Estate Weekly, the longest-running real estate publication in New York City. He has been writing for Multi-Housing News since late 2019.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/jackson-chen\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Harbor Expands Orange County Office Portfolio - 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\/harbor-expands-socal-office-portfolio\/","og_locale":"en_US","og_type":"article","og_title":"Harbor Expands Orange County Office Portfolio","og_description":"The investment company continued its buying spree with the purchase of two office buildings in Southern California for $80 million.","og_url":"https:\/\/www.commercialsearch.com\/news\/harbor-expands-socal-office-portfolio\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-10-31T10:09:52+00:00","article_modified_time":"2019-12-18T13:25:57+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Anaheim-City-Centre-1.jpg","type":"image\/jpeg"}],"author":"Jackson Chen","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\/harbor-expands-socal-office-portfolio\/","url":"https:\/\/www.commercialsearch.com\/news\/harbor-expands-socal-office-portfolio\/","name":"Harbor Expands Orange County Office Portfolio - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/harbor-expands-socal-office-portfolio\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/harbor-expands-socal-office-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Anaheim-City-Centre-1.jpg","datePublished":"2019-10-31T10:09:52+00:00","dateModified":"2019-12-18T13:25:57+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/harbor-expands-socal-office-portfolio\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/harbor-expands-socal-office-portfolio\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/harbor-expands-socal-office-portfolio\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Anaheim-City-Centre-1.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Anaheim-City-Centre-1.jpg","width":800,"height":620,"caption":"Anaheim City Centre. Image courtesy of Harbor Associates"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/harbor-expands-socal-office-portfolio\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Harbor Expands Orange County Office Portfolio"}]},{"@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\/8d4607aca26f3427c49fe54ddc82ddf1","name":"Jackson Chen","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\/2023\/06\/jchenheadshot.png?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/jchenheadshot.png?w=96","caption":"Jackson Chen"},"description":"Jackson Chen is a Connecticut-based freelance writer who has reported on real estate for more than five years. He cut his teeth with real estate journalism when he previously wrote for Real Estate Weekly, the longest-running real estate publication in New York City. He has been writing for Multi-Housing News since late 2019.","url":"https:\/\/www.commercialsearch.com\/news\/author\/jackson-chen\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Anaheim-City-Centre-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004364467","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\/883"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004364467"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004364467\/revisions"}],"predecessor-version":[{"id":1004376971,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004364467\/revisions\/1004376971"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004364506"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004364467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004364467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004364467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}