Hines Acquires Life Sciences Property In Tustin For $50M

Located in Tustin's life sciences market, the property at 14191 Myford Rd. has been sold in a closed transaction. The transaction took place on 12/28/2021, with a sale price of $50,000,000. The property spans across 115,000 square feet and has a price per square foot of $434. The buyer of the property was Hines, while the seller was New American Funding. Roy Harel from Nublock Partners represented the buyer as the broker in this deal.

Summary of transaction details

• Property Type: Life Sciences
• Transaction Amount: $50,000,000
• Address: 14191 Myford Rd.
• Market: Tustin

In this transaction, Hines emerged as the buyer of the life sciences property located at 14191 Myford Rd. The seller was New American Funding. Roy Harel, representing Nublock Partners, acted as the broker for Hines in this deal.