Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Brokers Sale of Landmark Orange County Tower One of 2019’s Largest Class A Office Sales

Cushman & Wakefield announced today the sale of TriCentre, a 211,916-square-foot (sf) landmark office tower in Orange, California.

IRVINE, CA - Stanton Road Capital, a Los Angeles-based investment management firm, acquired the property from Hilrod Holdings at an undisclosed price.

Tri-Cente Orange County Los AngelesJeffrey Cole, Jeff Chiate, Rick Ellison, Ed Hernandez, and Nico Napolitano from Cushman & Wakefield’s Orange County office brokered the transaction on behalf of Hilrod Holdings with John Harty and Jason Ward from the firm serving as market advisors. Mr. Harty and Mr. Ward will also serve as leasing agents for the property.

TriCentre is located at 333 S. Anita Drive at the convergence of the I-5, SR-57, and SR-22 freeways in the heart of Orange County. The 10-story, Class A office asset was built in 1986 and features a continuous glass ribbon exterior, a lobby with Italian marble, Herculite glass, and polished granite flooring, a five-story parking structure, and national tenants including Farmers Insurance and the Department of Consumer Affairs. The property is also minutes from the Outlets at Orange with numerous retail and dining amenities.

Over the past 10 years, ownership has completed numerous upgrades and replacements to common areas, mechanical systems, and the parking structure worth approximately $1 million. The property is currently 80% leased.

“TriCentre offered a unique opportunity to acquire one of the most recognizable and well-known office assets in Orange County with stable in-place cash flow at a significant discount to replacement cost,” said Mr. Cole, Vice Chairman. “The new ownership will benefit by implementing a modernization plan that will significantly boost achievable rental rates in a submarket where rates have increased over 22% over the past 24 months.”

The sale of TriCentre marks the second largest Class A office building sold in Orange County this year, according to Cushman & Wakefield Research.

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit or follow @CushWake on Twitter


With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All