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Vacant Centerpointe La Palma Campus Asset Acquired
A vacant 22,271-square-foot office building in La Palma, CA was acquired by Norman International Inc., a family-owned packaging company for an undisclosed amount. The seller was Greenlaw Partners and Westbrook Partners.
Located at 28 Centerpointe Dr., the single-story building is part of the larger Centerpointe La Palma campus with a tenant roster that includes Samsung, Kaiser Permanente and GE Healthcare. The building, which was constructed in 1986, sits on 1.56 acres of land in a campus setting that includes 81 surface parking stalls.
CBRE’s Anthony DeLorenzo, Gary Stache and Doug Mack represented the seller.
DeLorenzo says, “This asset provides the ideal location for a corporate headquarters for an owner-user seeking lease stability. This sale provides the buyer protection against future rental market uncertainty and rate hikes, as well as after-tax equity accumulation.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


