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Angelo Gordon, LPC West Land Large Orange County Office Portfolio
LPC West, along with partner Angelo Gordon, acquired a six-property portfolio of Class B, mid-rise office buildings in North and South Orange County from the Colton Company. The portfolio encompasses nearly 400,000 square feet in key office markets including Anaheim, Orange, Laguna Hills, and Lake Forest.
Together, the buildings are more than 85% leased to a diverse tenant base spanning multiple industries. LPC West plans to renovate the portfolio with upgrades to common areas, building lobbies, exterior areas and base building systems.
LPC West’s Anthony Zegers says, “The Class B office market continues to shrink in Orange County, as landlords either invest significant capital and reposition to Class A creative space, or tear down and convert to residential. That dynamic, along with high demand for Class B office space, has created a niche that we find very attractive.”
North Orange County properties include 2300 E. Katella, Anaheim; 3111 N. Tustin, Orange; and 765 The City Drive, Orange (pictured). The South Orange County properties include 23041 Avenida de la Carlota, Laguna Hills; 23161 Mill Creek Drive, Laguna Hills; and 23101 Lake Center Drive, Lake Forest.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


