Coppertree Business Park Completes Final Sale
17 Oct, 2007, Costa Mesa, CA
On behalf of The Brookhollow Group and Ameritas Life Insurance Corporation, Cushman & Wakefield is pleased to announce that it has completed the sale of 47 office and flex PUD* buildings, totaling 245,000 square feet, at the Coppertree Business Park in Costa Mesa, California. The combined value of these transactions is $66 million. Jeff Chiate and Rick Ellison from Cushman & Wakefield represented The Brookhollow Group in the unit sale program at Coppertree Business Park’s 16 acre parcel.
“The entire project sold out in an unprecedented 13 months,” says Chiate, an executive director at Cushman & Wakefield’s Orange County office.
Located at 151 Kalmus Drive in Costa Mesa at the intersection of the 55 and 73 freeways, Coppertree is set on 15 lushly landscaped acres minutes away from John Wayne Airport. The business park features distinctive low-rise office buildings with flexible floor plans in a park-like atmosphere. It is located in the heart of Orange County’s Airport Market, one of the most desirable and accessible business districts in the area. The buildings range from 2,800 to more than 5,400 square feet.
* PUD – planned unit development.
About The Brookhollow Group
The Brookhollow Group is a leading investment and development organization with over 30 years of office and industrial experience in Southern California. Founded by James R. Knapp in 1973, Brookhollow has acquired or developed more than 15 million square feet of office and industrial projects varying in size from 50,000 to 500,000 square feet.
About Cushman & Wakefield
Cushman & Wakefield is one of the world’s largest commercial real estate services firms. Founded in 1917, the firm has 215 offices in 56 countries, and 12,000 talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, lenders and investors through every stage of the real estate process. These solutions include representing clients in the buying, selling, financing, leasing and managing of assets. The firm also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-800-376-3133, or visit the firm’s Web site at www.cushmanwakefield.com.