Aug
14
OC Corporate Campus Trades for $443M
ByThe acquisition was financed with more than $100 million in cash and $339 million in loans. The complex consists of planned research-and-development and office space spread across four buildings.
An investor group led by Five Point Holdings, LLC has acquired Broadcom Limited’s 73-acre corporate campus in Irvine, Calif., for $443 million and renamed the property Five Point Gateway.
The Orange County campus consists of nearly one million square feet of planned research and development and office space across four buildings. Broadcom will remain the property’s largest tenant, leasing approximately 660,000 square feet of R&D space pursuant to a 20-year lease…
