Buchanan Street Partners Acquires Spectrum Centre Business Park In Lake Forest For $XX Million

Buchanan Street Partners acquired the 227,757 square feet industrial asset located at 20902-21098 Bake Parkway in the Lake Forest market. The property consists of 16 buildings and spans nearly 17 acres. It is currently 80% leased, aligning with the company's focus on infill industrial assets in high-demand Orange County submarkets.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Square Footage: 227,757 SF
• Address: 20902-21098 Bake Parkway
• Market: Lake Forest
• Acres: 17
• Buyers: Timothy Ballard, Robert Brunswick & Matt Haugen - Buchanan Street Partners
• Brokers: Aubrie Monahan, Jeff Chiate, Matt Leupold & Rick Ellison - Cushman & Wakefield

Cushman & Wakefield facilitated the transaction, supporting Buchanan Street Partners in acquiring this asset consistent with their strategy to target prime industrial locations within high-demand areas. The involvement of multiple brokers indicates a collaborative effort in securing the deal.