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California  + Orange County  + Office  | 

Central Orange Offices Sell to Owner-User

Newmark facilitated the sale of 999 Town & Country, a 98,907-square-foot Class A office building in Orange. The property sold for $17,900,000.

Co-head, U.S. capital markets Kevin Shannon, vice chairmen Paul Jones and Ken White and senior managing director Brandon White represented the institutional seller. Hampton Tedder Electric was the buyer and plans to occupy the building’s 15,700-square-foot vacant top floor.

“This transaction underscores the demand for well-located, versatile properties in Central Orange County,” said Jones. “With the continued displacement of office buildings and lack of institutional investors looking to buy, full or partial owner-users are seeing tremendous opportunities in today’s market.”

The four-story building, located in the Central Orange County submarket, was 84% leased at the time of sale. Existing tenants include AECOM and Intercare.

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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