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April 11, 2018  

PGIM Shows Orange County Offices

PGIM Real Estate is marketing a well-leased office complex in Southern California’s Orange County that could fetch $125 million.One Pacific Plaza, in Huntington Beach, encompasses 395,000 square feet in three recently renovated Class-A buildings. At the estimated value of $316/sf, a buyer’s initial annual yield would be about 6%. Eastdil Secured has the listing.PGIM bought the complex in 2014 for $93.7 million, or $237/sf. Eastdil...

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