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Kearny Acquires Office Campus in South Coast Metro for $34.8M
Kearny Real Estate Company acquired Elevate@Harbor, a 197,370-square-foot office campus in Santa Ana, CA from The Colton Company for $34.8 million. The asset includes two mid-rise buildings on eight acres at 3100 to 3130 Harbor Blvd. in the South Coast Metro West submarket.
Built in 1982, the three-and five-story glass curtain wall buildings were built on top of a one-level podium. Kearny plans on investing roughly $15 million to reposition the office campus. That includes redesigning the one-acre outdoor area surrounding both buildings to provide a mix of work, leisure and active spaces.
“Kearny’s purchase of Colton Corporate Center presents a unique opportunity for them to re-brand the property, as the South Coast Metro area is undergoing a tremendous renaissance,” said CBRE’s Bob Smith, who along with Anthony DeLorenzo, marketed the property for sale and represented both sides in the transaction.
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- ◦Sale/Acquisition


