PRES Acquires 191,647 SF Class A Office Building in Anaheim; Names Jones Lang LaSalle to Handle Leasing
Asset to be repositioned for users ranging from 25,000 square feet to 191,000 square feet
ANAHEIM, CALIF., Jan. 28, 2014 – PRES, a privately-held fully-integrated commercial real estate firm, has acquired 200 Center Street, an vacant eight-story, 191,647-square-foot Class A office building in Anaheim, Calif. for an undisclosed amount.
PRES has selected Jones Lang LaSalle to handle the leasing at the building which has immediate availability for users ranging from 25,000 square feet to more than 191,000 square feet of contiguous space. Leading the leasing efforts for the property is Jones Lang LaSalle Orange County Senior Vice Presidents James Estrada and George Thomson.
“Jones Lang LaSalle was selected for this assignment because of its deep and broad expertise in OC and its ability to successfully market properties of this institutional quality,” said Thomson. “200 Center Street represents a rare combination of a true “Class-A” corporate headquarters opportunity with a parking ratio in excess of 5/1000, walkable amenities, modern housing and multimodal transportation in the center of Southern California.”
Situated in Anaheim’s Central Business District, 200 Center Street is centrally located near multiple freeways and public transportation hubs, providing convenient access to neighboring Southern California submarkets. The building is walking distance to several entertainment and retail venues including Center Street Promenade, Farmer’s Market and Anaheim Ice.
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About The PRES Companies
The PRES Companies (³PRES²) is privately-held real estate firm specializing in investment, management and brokerage in California commercial real estate. Since 1995, PRES has been creating value for its investment partners and clients with creative strategies and successful solutions. PRES is an active investor in commercial real estate on behalf of a select group of institutional and private investors. Additional information about PRES and its portfolio of real estate investments can be found at www.prescompanies.com
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $46.7 billion of real estate assets under management. For further information, visit www.jll.com.