Press Release brought to you by NAI Global

CRC Real Estate Corp. Acquires the Centrum North Building with the Help of NAI Capital

01/19/2016

CRC Real Estate Corp. Acquires the Centrum North Building with the Help of NAI Capital

 

(Orange, Calif.), Friday, January 08, 2016–NAI Capital announces the sale of the Centrum North Building, located at 1120 W. La Veta Ave. in Orange, to CRC Real Estate Corporation, an affiliate of CHOC Children’s.  The sale price totalled $43,950,000 or approximately $245 per square foot.  The seller, 4128 Wilshire, LLC, was represented by CBRE.

The sale was arranged through Sonya Dopp-Grech, senior vice president and director of healthcare services group at NAI Capital, a brokerage firm that has represented CRC Real Estate Corp. for many years. “Due to its proximity to CHOC Children’s Hospital, this acquisition is strategic for both the long-term growth of the hospital and as an institutional quality investment,” said Dopp-Grech.

Made of glass and steel, the Centrum North building was built in 1985.  It is an eight-story Class A medical and office building with approximately 179,279 square feet. It is located in a prominent cluster of medical service providers, including CHOC Children's Hospital and St. Joseph Hospital. 

“The purchase of this building, located across the street from our main campus, supports our organizational strategies and the growth needs of CHOC’s pediatric system of care,” said Kerri Ruppert Schiller, senior vice president and CFO, CHOC Children’s.

 

 

About NAI Capital

NAI Capital Company is one of the Southern California’s leading full-service commercial real estate organizations, providing a complete range of transaction, property management and consulting services. NAI Capital is one of the largest members of NAI Global, a premier real estate service network with 375 offices and 6,700 market leaders spanning the globe. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, corporate occupants and investors throughout Southern California. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.

 

NAI Capital Brokerage CA BRE #00806840

 

To learn more, visit www.naicapital.com 

 

About NAI Global

 

NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.

 

NAI Global was acquired in 2012 by C-III Capital Partners, a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, online capital markets, title services and multifamily property management. C-III’s principal place of business is located in Irving, TX, with additional offices in New York, NY, Greenville, SC and Nashville, TN.  

 

To learn more, visit www.naiglobal.com.

 

Press Contact:

J.C. Casillas

818.913.2433

jcasillas@naicapital.com

Source

NAI Global

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