In 2014, Hines, in a joint venture with a subsidiary of a real estate fund managed by Oaktree Capital Management, L.P., acquired Brea Place, a 564,014-square-foot office campus on 30 acres, including seven acres of future mixed-use development land, in Brea, CA. The campus comprises six buildings that range from one to six stories on both the east and west sides of S. State College Blvd., immediately adjacent to the 1.3 million-square-foot Brea Mall.
Three of the six buildings were sold between 2018 and 2019. In 2020, Hines, with a new joint venture partner, recapitalized two of the remaining buildings leaving 422,869 square feet of office under ownership and management.
Brea Place has convenient access to major freeways servicing the vast Los Angeles, Inland Empire and greater Orange County employment hubs. In addition, the project’s location provides excellent access to retail, dining and hospitality amenities.
Brea Place includes:
100 S State College Blvd. contains one story and 16,897 square feet. Hines sold this building in December 2018.
120 S State College Blvd. contains three stories and 79,090 square feet. Hines sold this building in March 2019.
130 S State College Blvd. contains two stories and 45,158 square feet. Hines sold this building in September 2019.
135 S State College Blvd. contains seven stories and 168,655 square feet.
140 S State College Blvd. contains three stories and 77,522 square feet.
145 S State College Blvd. contains seven stories and 176,692 square feet.
653 Class-A apartment units (under development)
138-key hotel (under development)