Drawbridge Realty Buys Orange County Portfolio for $71M
- Oct 25, 2019
After investing in Pacific Center, Drawbridge Realty has further expanded its Orange County portfolio with the acquisition of two Class A office buildings totaling 169,315 square feet. Invesco Real Estate sold the two buildings, located in Aliso Viejo, Calif., for a total of $70.8 million. The buildings, known as 4 & 5 Polaris are the headquarters of Quest Software and UST Global, respectively.
Situated at 4 and 5 Polaris Way, the properties are just off California State Route 73, roughly 13 miles from Irvine and the John Wayne Airport. The offices are also near Aliso Viejo Town Center, which provides convenient access to several eateries and shopping options.
Constructed in 1999, the four- and three-story buildings occupy nearly 9 acres and encompass 90,630 and 78,258 square feet. Additionally, the assets feature a total of 676 grade-level parking spaces. The Quest Server’s headquarters at 4 Polaris also features a fitness center.
CBRE’s Anthony Delorenzo, Todd Tydlaska, Sean Sullivan, Michael Longo and Bob Smith arranged the transaction on behalf of the seller.