Dwight Manley Purchases Office Property From Hines & Oaktree For $140 Million In Brea

The property involved in this transaction is an office asset located at 250 South Kraemer Boulevard in Brea. It was sold for a total transaction amount of $140,000,000, with a square footage of 576,234 and a price per square foot of $242.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $140,000,000
• Address: 250 South Kraemer Boulevard
• Market: Brea
• Square Footage: 576,234
• Price per Square Foot: $242
• Buyer: Dwight Manley
• Seller: Hines & Oaktree
• Brokers: Nico Napolitano, Jeffrey Cole & Kristen Schottmiller - Cushman & Wakefield

This transaction involved key individuals and companies including buyer Dwight Manley and the sellers Hines & Oaktree. The brokers representing the deal were Nico Napolitano, Jeffrey Cole, and Kristen Schottmiller from Cushman & Wakefield. Currently, the property serves as the corporate headquarters for Beckman Coulter, and it will be transitioning to house Costco along with 15 acres of new homes in the future.