ANAHEIM, Calif. – Hines, the Houston-based global real estate firm, together with funds managed by Oaktree Capital Management, has purchased the global headquarters of Pacific Sunwear of California, Inc. (PacSun) in Anaheim.
The acquisition is part of an ongoing relationship: Hines and Oaktree-backed partnerships have acquired 16 properties across Orange County since 2011, expanding their presence in the Southern California commercial real estate market.
The property is a three-story, 181,000-square-foot office building situated at the intersection of Grove Street and East Miraloma Avenue, roughly a 20-minute drive from John Wayne Airport. Built in 2002 as a customized build-to-suit for PacSun, the facility was designed to reflect the company’s focus on action sports, youth fashion and the California lifestyle influences that shape its brand.
Following the transaction, the building will continue to serve as PacSun’s global headquarters, supporting the retailer’s corporate, design and operational functions. The headquarters’ location and layout provide convenient access to regional transportation and amenities, while offering a campus-style environment tailored to PacSun’s creative and corporate teams.
The purchase underscores investor demand for well-located, specialized office assets in Orange County and reflects Hines and Oaktree’s strategy of acquiring stabilized properties with strong tenant relationships and long-term occupancy profiles.