NKF Capital Markets has arranged the sale of The Summit Office Campus, a five-building office complex in Aliso Viejo, Calif., to Rockpoint Group. According to Connect Media California, the 479,451-square-foot complex changed hands for more than $150 million, making it the largest office investment sale in Orange County so far this year.
Located at 65, 75, 85, 95 and 101 Enterprise, The Summit Office Campus consists of 3 three-story buildings and 2 four-story buildings. It was built between 1998 and 2000, on an approximately 20.7-acre site. Currently, 79% of the office space is occupied, the tenant list including big names like Microsoft Corp., Pacific World Corp. and Tech Space. The campus offers outdoor collaborative areas, surface parking, mountain views and more. It also provides easy access to the 405 Freeway and State Route 133.
Kevin Shannon, Co-Head of U.S. Capital Markets, Executive Managing Directors Paul Jones, Brunson Howard and Ken White, and Managing Directors Rick Stumm and Blake Bokosky led the NKF Capital Markets team that represented the seller. Rockpoint Group, the buyer, was self-represented. The sale was this year’s second transaction over $100 million for the team led by Shannon.
Jones said about the Orange County office space sale: “The Summit Office Campus provided the buyer with an institutionally built, managed and maintained office project in the heart of the amenity-rich master-planned community of Aliso Viejo, as well as greater South Orange County.”