JUST BOUGHT: $64 Million Purchase for South OC Creative Offices

On October 17th, 2022, Katie Murar wrote an article for the Orange County Business Journal showcasing our latest purchase this year: HERE. Click the link to read more!

The Kelemen Company worked alongside with Las Vegas-based Kingsbarn Realty Capital to acquire the creative office campus in Laguna Hills, California, for nearly $64 million. The deal, which works out to be about $285/square-foot is tops for office deals in Laguna Hills since the end of 2020.

Newmark’s Kevin Shannon, Paul Jones, Brunson Howard and Brandon White represented the sellers Cigna Realty Investors and Cruzan, in the deal.

HERE is a five-building, 223,974 square-foot office hub on about 16 acres between Mill Creek Drive and Moulton Parkway. Cruzan has done a phenomenal job taking care of HERE and we are so fortunate to be taking it over and looking forward to elevating it even more. Since the purchase in October 2022, we have moved forward with the addition of Motion Fitness and Coffee Dose as tenants. We are also looking to bring on a small-scale farmers market to come during the week.

In today’s office market, there is a huge focus on amenities so we are so fortunate to be bringing on amazing tenants to help.

The Kelemen Company’s property management team has taken over the role full-fledged and have become an integral part of the purchase. We continue to maintain strong relationships with our tenants to ensure their satisfaction.

Join us as we continue to enhance and strengthen HERE @Laguna Hills.