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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
- ◦Sale/Acquisition


