CBRE Facilitates $62.46 Million Sale of Office Campus in Anaheim

CBRE facilitated the sale of Axis, a 306,664-square-foot-office portfolio located at 2121-2170 Towne Centre Place, 2190 Towne Centre Place, and 2390 Orangewood Avenue in Anaheim, Calif. The properties were acquired by ParkTerra and JEN Partners for $62.46 million.

CBRE National Office Partners’ Anthony DeLorenzo, along with Sammy Cemo and Bryan Johnson, represented the seller, a joint venture of a global banking giant and Pendulum Property Partners in the transaction. CBRE’s Greg Sullivan, Jennifer Whittington, David Dowd and Matt Didier also advised the seller on the sale.

"The Axis portfolio generated strong interest from a broad spectrum of investors, developers, and owner-users,” said DeLorenzo, vice chairman at CBRE. “This transaction reflects the continued momentum in the Anaheim market, where quality assets like Axis stand out. With a combination of stabilized income, redevelopment potential, and a prime location in the Platinum Triangle, the offering presented a rare opportunity. The seller ultimately selected a capable cash buyer who performed as promised, reinforcing the strength of the offering and execution.”

Located in Anaheim’s Platinum Triangle, Axis offers a rare combination of investment flexibility and long-term redevelopment potential. The portfolio comprises a creative office building tailored for owner-users, a prime residential redevelopment site, and a high-end office asset, all strategically positioned near major regional destinations, including Angel Stadium, Honda Center and Disneyland, with excellent freeway connectivity.