U.S. commercial real estate investment firm Harbor Associates, LLC has closed on the acquisition of a two-property Class A office portfolio in Orange County, California.
The acquired properties include Anaheim City Centre, a 10-story 195,000 square feet tower in Anaheim and Crown Cabot, a six-story 173,000 square feet property in Laguna Niguel.
Harbor Associates, a joint venture between Harbor and The Bascom Group, acquired the assets for a total purchase price of circa $80 million.
The firm intends to commence upgrades across the portfolio, which will include lobby enhancements, building exterior improvements, new signage, move-in ready suites, electric vehicle charging stations, among others.