BLACKSTONE BUYS DUO OF MACARTHUR PLACE OFFICE BUILDINGS IN SANTA ANA FOR $8

SANTA ANA, CALIF. – Blackstone Group has purchased a pair of Class A office buildings inside the mixed-use MacArthur Place development in Santa Ana for $82.5 million. The buildings are located at 1 and 2 MacArthur Place in the Airport submarket. They contain a total of 409,762 square feet. The seller was GLL Real Estate Partners. The transaction was executed by Michael Zietsman and Baker Morphy of Jones Lang LaSalle’s Capital Market.