In 2012, Hines, in a joint venture with a subsidiary of a real estate fund managed by Oaktree Capital Management, L.P., acquired the Raytheon Campus in Fullerton, CA. The two-building, 405,130-square-foot suburban office complex is located at 1801 Hughes Drive.
Built in 1986, the property is situated on 25 acres of land and is comprised of two, three-story office buildings located in the heart of the North Orange County submarket. The property is fully leased to Raytheon, one of the world's leading defense and technology contractors.