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| Malcolm O'Donnell |
IRVINE, CA – Swift Real Estate Partners, an independent and
vertically-integrated real estate investment firm based in San Francisco, has
initiated a strategic expansion into Southern California under the leadership
of real estate industry veteran Malcolm O’Donnell.
O’Donnell will be responsible for Swift’s Southern
California region. Prior to joining
Swift he served as Managing Partner at Akaku Capital, a Southern California
real estate investment and management firm.
O’Donnell also
served as Sr. Managing Director for CarrAmerica’s Southern California region
from 2000 to 2007.
Prior to that he
served as Vice President of Acquisitions for Beacon Properties, and also worked
at the development firms of Overton Moore and Majestic Realty.
In total, he brings over 30 years of real estate investment
experience to Swift. O'Donnell holds a
bachelor’s degree from the University of Southern California.
“Malcolm brings a strong depth of experience in both office
and industrial assets,” said Douglas D. Abbey, Chairman, Swift Real
Estate Partners.
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| Douglas D. Abbey |
“He’s led significant portfolio expansion and development
for some of the region’s leading firms.
" As such, we look forward to leveraging
his knowledge in Southern California to build a strong portfolio of value add
opportunities.”
The
firm just closed on its first office property in Southern California, 111
Pacifica, located in the City of Irvine.
The property is a three-story class A
67,496-square-foot office property. Swift acquired the property from Kilroy
Realty and the deal was brokered by Bob Prendergast and Baker Morphy
from Jones Lang LaSalle.
111 Pacifica
is 74 percent leased with major tenants including Lee & Associates, Hall
and Company and RLI Insurance Company.
According to Swift, 111 Pacifica is an institutional-quality
office building located within the core of the Irvine Spectrum submarket. It
benefits from a significant amenity base with proximity to The Irvine Spectrum,
abundant high-quality housing options and new multifamily development, as well
as immediate access to three major freeways.
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| 111 Pacifica, Irvine, CA |
“We believe this asset is an excellent value-add investment
opportunity. The property will benefit from the increasing strength and
diversity of the South Orange County office market.
111 Pacifica will also gain from our company’s capital
improvement plans and hands-on management, as the asset is currently leased at
below-market levels,” noted O’Donnell.
He added that the timing is right for Swift to enter
Southern California. “Swift is
continuing to build on the success of its team, innovative platform and
portfolio of high quality assets in Northern California as we look to acquire
more office properties in Southern California,” said O’Donnell.
About Swift Real Estate Partners: Headquartered in San
Francisco, Swift Real Estate Partners is a vertically integrated real estate
investment firm which seeks to generate attractive risk-adjusted returns for
its investors. Swift acquires and repositions office and industrial assets in
select West Coast markets, identifying unique opportunities and executing
well-defined business plans while providing real-time, day-to-day oversight for
each investment.
For a complete copy
of the company’s news release, please contact:
Jessica Spaulding Thompson
Spaulding Thompson & Associates
Learn more of what we do: spauldingthompson.com
Contact Us: 949-233-8575
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