Harbor Associates JV Pays $92M for Orange County Campus
Harbor Associates and Singerman Real Estate have acquired the Summit IV office campus in Aliso Viejo, Calif., in an off-market transaction.
The two-building, 297,277-square-foot asset changed hands for $92 million, according to Commercial Real Estate Direct. CommercialEdge information shows the previous owner was Invesco Real Estate, which had purchased the Class A property in 2015 for $108.1 million.
Situated on nearly 9 acres at 15 and 25 Enterprise, the asset is part of Summit Office Campus, a master-planned development comprising 1.7 million square feet of office space across eight buildings. Five of the buildings, located at 65, 75, 85, 95 and 101 Enterprise, traded in 2018 for $157 million.