THE PRES COMPANIES ACQUIRES OFFICE PORTFOLIO IN BREA FOR $42M

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BREA, CALIF. — The PRES Companies has acquired a two-project office portfolio in Orange County for $42 million. The four-property portfolio totals 290,657 square feet.

The transaction includes the 171,411-square-foot Brea Park Center. The three-building property is located at 2601 Saturn Street, 500 S. Kraemer Blvd. and 2650 E. Imperial Highway. Notable tenants include Citizens Business Bank, General Services Administration (GSA), FIT Electronics and theCalifornia Department of Public Health.

The transaction also includes the 119,246-square-foot Brea Corporate Plaza, which is located at 3230 E. Imperial Highway. Notable tenants include Nestle Waters andYellow Box Corp.

Both properties are located in Brea near the 57 and 91 freeways in north Orange County.

PRES will also assume leasing and management responsibilities for the portfolio. The firm was represented by Dan Vittone and Alan Pekarcik of Avison Young’s Irvine office.

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