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Hines Acquires PacSun Global HQ in Anaheim

Houston-based Hines and funds, managed by Los Angeles-based Oaktree Capital Management, L.P., acquired Pacific Sunwear’s (PacSun) Global Headquarters in Anaheim, CA. The 181,000-square-foot, three-story Class A office building traded in a 15-year sale-leaseback for an undisclosed amount.

Originally developed in 2002 as a build-to-suit for specialty retailer PacSun, the property will continue to serve as global HQ for PacSun. The campus includes large outdoor lounge areas and barbeque grills, volleyball and basketball courts, and a skate ramp. The property is located at Grove Street and East Miraloma Avenue, and offers convenient access to the 91 and 55 Freeways.

The deal represents the ninth acquisition for Hines and Oaktree in the North Orange County submarket, and the 16th in greater Orange County since 2011.

NKF’s Kevin Shannon, Paul Jones and Ken White represented both parties.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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