Robert Braithwaite Of Hoag Memorial Hospital Purchases Office Campus In Laguna Niguel For $207M

The U.S. General Services Administration has sold a 92-acre office asset located at 24000 Avila Road, Laguna Niguel, CA, for a total sale price of $207,000,000. The property encompasses a vast area of 1,000,000 square feet, resulting in a price per square foot of $207.

This transaction involved key figures in the healthcare and government sectors, specifically Robert Braithwaite representing Hoag Memorial Hospital Presbyterian, while Edward C. Forst represented the U.S. General Services Administration. The sale concludes a multi-year disposition process and addresses significant redevelopment potential for the site.