Watermarke Properties Acquires Development Site In Orange For $22.5M

Watermarke Properties has acquired a development site in Orange, located at 625 The City Drive South, for a total sale price of $22,500,000. The property spans a total of 148,054 square feet and has a price per square foot of $152. The seller of the property was TA Realty. The transaction was facilitated by Newmark, with Kevin Shannon, Paul Jones, Ken White, Chris Benton, Anthony Muhlstein, and Brandon White representing both the buyer and the seller.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $22,500,000
• Address: 625 The City Drive South, Orange
• Market: Orange

The acquisition of the development site by Watermarke Properties was facilitated by Kevin Shannon, Paul Jones, Ken White, Chris Benton, Anthony Muhlstein, and Brandon White of Newmark. This deal signifies the investment potential in the Orange market, highlighting the growing interest in development opportunities in the area.