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Birtcher Anderson Sells Costa Mesa, Anaheim Office Buildings for $74M
- Article from:
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Orange County Business Journal
- Article date:
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June 13, 2005
- Author:
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Copyright informationCopyright CBJ, L. P. Jun 13-Jun 19, 2005. Provided by ProQuest LLC. (Hide copyright information)
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In a sign of Orange County's improving office market, Laguna Niguel-based Birtcher Anderson Realty LLC said it recently sold a pair of office buildings for $74.4 million-43% more than it paid to buy them in the past year and a half.
Birtcher said it sold a 12-story, 234,611-square-foot office tower at 555 Anton Blvd. in Costa Mesa to a venture of McCarthy Cook & Co. and Stockbridge Capital for $57 million, or $243 per square foot.
The development and investment company said it bought the building for $41.3 million last spring. It didn't say how much it spent to renovate or spruce up the building.
Rick Putnam and Jeffrey Cole, senior vice presidents and principals of Trammell Crow Co., ...