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California  + Orange County  + Industrial  | 

Hines Sheds Mega-Industrial in Santa Ana

Hines recently completed the sale of 515 E. Dyer, a 373,942-square-foot industrial logistics facility in Santa Ana, for $113.5 million. Hines indicated the property’s visibility, flexibility and scale was a three-point advantage in this Orange County industrial market, where much of this product type is largely being torn down for multifamily development.

Hines implemented a capital improvement plan upon its purchase in 2017 and the facility now includes a new roof, seismic retrofit, expanded trailer parking, office upgrades, landscaping and signage.

The logistics asset is located near the SR-55 and I-5, as well as John Wayne Airport. All of its space is leased through 2034 and positioned for last-mile distribution or more traditional manufacturing and warehouse tenants in Southern California.

Cushman & Wakefield represented both parties in this agreement.

For comments, questions or concerns, please contact Lisa Brown

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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