Harbor Associates Acquires Office Property In Laguna Niguel For $80M

Harbor Associates has acquired a two-building office portfolio in Laguna Niguel, CA, for $80,000,000. The properties total 365,000 square feet and are situated at 28202 Cabot Rd. and 222 S. Harbor Blvd. The address 28202 Cabot Rd houses the Crown Cabot, which offers six stories of office space and is currently at 87 percent occupancy.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $80,000,000.00
• Address: 28202 Cabot Rd, Laguna Niguel, CA
• Market: Laguna Niguel
• Seller: Unknown
• Buyer: Harbor Associates
• Seller's Representatives: Michael "Mike" Longo-CBRE, Todd Tydlaska-CBRE
• SF: 365000

The deal involved key representatives from CBRE who facilitated the transaction, including Michael "Mike" Longo and Todd Tydlaska. Newmark Knight Frank’s team, including Kevin Shannon, Paul Jones, and Blake Bokosky, also played a role in representing the seller. Renovations will be undertaken on both properties, with a focus on enhancements that include lobby improvements and upgrades to building exteriors.