CBRE brokers $27.5M sale of Spectrum Tower in Laguna Hills – Orange County Register

Transactions

CBRE Group has brokered the sale of Spectrum Tower, an office property located in Laguna Hills to Monday Properties for $27.5 million. CBRE’s Anthony DeLorenzo, Bob Smith, Todd Tydlaska, and Sean Sullivan represented the seller, TA Realty. Brad Zampa and Shaun Moothart of CBRE Capital Markets Debt & Structured Finance secured the financing for the New York-based buyer. The 113,489-square-foot property at 23046 Avenida De La Carlote includes tenants such as Citizen Business Bank, Virginia Landry law offices, Regus, William Jordan Investments and STRADA Capital Corp.

CBRE also brokered the sale of Seagate Plaza, a shopping center strip mall in Huntington Beach, to a 1031-exchange buyer for $10.8 million. CBRE’s Dan Riley and Austin Wolitarsky represented the seller, Asbury Properties, a family-owned real estate company based in Los Angeles. Joseph Lising of Marcus & Millichap represented the buyer, Cathy Investments with assistance from Christopher Beck of NGKF. The 30,234-square-foot…

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