CYPRESS OFFICE BUYS ANAHEIM CROSSROADS

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ANAHEIM, CALIF. – Cypress Office Properties has purchased the two-building, 103,000-square-foot Anaheim Crossroads office plaza for $5.1 million in a loan-to-own transaction. It was purchased from a special servicer. Cypress has taken possession of the property through a deed in lieu with the previous ownership. Anaheim Crossroads is a Class B, atrium-style property that is 15 percent leased. CBRE’s Paul Jones and Louay Alsadek represented the buyer in the note purchase.

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