Tuesday, September 8, 2015

HFF closes sale of and arranges financing for Quintana Office Campus in Orange County, CA


Quintana Office Campus, Irvine, CA

Ryan Gallagher
IRVINE, CA, Sept. 8, 2015 - Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of and arranged financing for Quintana Office Campus, a four-building, 430,000-square-foot, Class A office complex in Irvine, California.

HFF’s capital markets team led marketing of the asset, and was assisted by Cushman & Wakefield, on behalf of Menlo Equities.  Hines purchased Quintana Office Campus for an undisclosed amount. 

Additionally, HFF arranged acquisition financing for the buyer with a total funding of approximately $100 million from New York Life Real Estate Investors, on behalf of institutional investors.

Quintana Office Campus consists of 17875 and 17877 Von Karman Avenue and 17838 and 17872 Gillette Avenue as well as a one-acre interior park/open space all located on approximately 15 acres in the Irvine Business District. 

The property has immediate access to the San Diego (I-405) and Newport Beach/Costa Mesa (SR-55) Freeways and is less than one half of a mile from John Wayne Airport. 


Michael Leggett
Built between 1989 and 2004, Quintana Office Campus is currently 13 percent occupied providing significant value creation potential as well as complete flexibility on a repositioning strategy.

Hines has planned an extensive $15 million capital improvement program, which will transform the asset into the most unique and differentiated campus environment in the Airport submarket. 

The strategic capital upgrades will focus on improving the expansive open spaces and common areas to include new conference and fitness center amenities, functional outdoor workspaces, new lobbies and restrooms, upgraded landscaping and potential retail offerings.

The HFF investment sales team representing the seller was led by senior managing directors Ryan Gallagher and Michael Leggett, managing director Mike McCann and associate director Derreck Barker. 

HFF’s debt placement team was led by senior managing director Kevin MacKenzie.

The Cushman and Wakefield team was represented by executive director Jeff Cole and Ed Hernandez.

 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com



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