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California  + Orange County  + Office  | 

Santa Ana Offices Sell for Residential Redevelopment

CBRE facilitated the $19.2-million sale of 2020 E. 1st St. in Santa Ana. The firm’s Anthony DeLorenzo, Sammy Cemo and Bryan Johnson, along with Greg Sullivan, David Dowd and Jennifer Whittington, represented the seller, Harbor Associates. The buyer was not disclosed.

Built in 1985, the five-story, 111,483-square-foot Class A office building is situated on 3.72 acres near Interstate 5 and State Route 55.

“This sale reflects the ongoing trend we’ve been seeing over the past few years of specific office properties situated on a significant amount of land being reimagined for new uses,” said DeLorenzo, vice chairman at CBRE. “The combination of the irreplaceable location of the property and the mixed-use overlay zoning contributed to strong demand from the residential development community.”

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CBRE's DeLorenzo

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
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