AdelFi Credit Union (AdelFi) has completed the $80 million sale of Imperial Mariner, a four-building office/medical office campus totaling 288,189 square feet in Brea, Calif.
The buyer is Healthcare Property Advisors (HPA).
“HPA was drawn to Imperial Mariner as an attractive investment through their pursuit of well-performing office assets that have alternative uses and future redevelopment potential,” said Blake Bokosky, senior director at JLL Capital Markets, which represented the seller and procured the buyer. “Imperial Mariner represents a high-quality, well-leased office campus that HPA will clearly benefit from its prior ownership’s vision and execution. New ownership will have the potential to further the medical occupancy or redevelop the site in phases to class A industrial product as a downside scenario.”
Imperial Mariner consists of four buildings completed between 2002 and 2008. The complex is currently 89 percent leased to a diverse tenant
