Ev Konut ProjeProperty wire

Market briefs

Orange County Since 2011: Sweet 16: Hines Acquires PacSun HQ, Its 16th Purchase

Orange County Since 2011: Sweet 16: Hines Acquires PacSun HQ, Its 16th Purchase

Hines has purchased the PacSun HQ in southern California.

In Anaheim, Calif., Hines, the Houston-based real estate firm, in partnership with funds managed by Oaktree Capital Management, has purchased Pacific Sunwear “PacSun” global headquarters in Anaheim.

Hines/Oaktree partnerships have purchased 16 buildings in Orange County since 2011.

The 181,000-SF, three-story PacSun building is located at the intersection of Grove Street and East Miraloma Avenue. It is approximately 20 minutes from John Wayne Airport.

Originally developed in 2002 as a build-to-suit for PacSun—a specialty retailer focused on action sports, fashion and music influences of the California lifestyle— the building will continue to serve as global headquarters for PacSun.

More property reports

Other deals and projects from the same part of the market.