Onni Group acquired a Ocean Plaza that is a mixed use office and retail complex in nearby Orange County, California. The seller is Decron Properties. The buyer paid $97.3 million for the Los Angeles office campus.

A Cushman& Wakefield team led by Executive Vice Chairman Marc Renard represented the seller in the transaction.

The 8.6 acre property is located at 17011 Beach Blvd. in Huntington Beach, California. It encompasses a 207,645 square foot, 14 story Class A office tower and 108,785 square feet of retail and restaurant space. Besides, the property has a six level parking garage with 863 spaces.

Source:CP Executive

Fulya Altunyay/[email protected]