Another big property of AT&T Inc. in Anaheim is up for sale.
The telecommunications giant recently listed a three-building office and industrial campus it owns in the Anaheim Canyon portion of the city just north of the Riverside (91) Freeway.
The 224,400-square-foot campus is at the intersection of Coronado and Van Buren streets and on about 18 acres.
An asking price for the property, which is being listed by the Irvine office of Cushman & Wakefield Inc., hasn’t been disclosed.
Cushman said units of AT&T would continue to lease the property’s two smaller buildings, which total 73,773 square feet, under a five-year leaseback deal following the sale, while the largest building, which runs 150,625 square feet, would be vacated.
The empty building, which is on an 8-acre parcel, could be razed to make room for one or more industrial properties, according to Cushman’s marketing materials.
The campus offers “a unique opportunity to acquire a premium value add industrial/office campus in a premiere location,” according to the marketing materials.
The listing is the second big AT&T property in Anaheim that could sell in about a year.
In January, AT&T completed the sale of its one-time regional headquarters in downtown Anaheim, which is about six miles from the Anaheim Canyon property.
Irvine-based PRES Cos. paid $18 million for the eight-story office, which has about 191,556-square-feet of leasable space that AT&T vacated after the sale.
Last month, PRES announced it leased the space to St. Joseph Heritage Healthcare, a primary care medical group, in the largest office lease signed in Orange County so far this year.
Real estate sources say AT&T is looking at other locations in the region to move employees from the 150,625-square-foot building that would be vacated upon the latest sale.
Cushman’s Jeff Chiate, Rick Ellison and Randy Ellison have the listing for the Anaheim Canyon property.
$100M+ in Buys
Affiliates of Newport Beach-based KBS Realty Advisors have paid more than $100 million to buy an office tower in Dallas and an industrial property in the Pacific Northwest.
The active commercial real estate investor last month closed on its purchase of the 3811 Turtle Creek building, a 21-story, 300,000-square-foot tower in Dallas.
The building, about 80% leased, sold for about $75 million, according to local reports. A unit of Metropolitan Life Insurance Co. was the seller.
The tower is one of several office properties KBS and its affiliates own in and around Dallas.
In Woodinville, Wash., a sovereign wealth fund advised by KBS picked up a five-building industrial park called The Park at Woodinville for about $29.7 million.
The park has five buildings and totals 240,000 square feet. Boston-based Colony Realty Partners was the seller, according to local reports.
Coto Homes
Coto de Caza could get its first batch of new home development in years if a land sale proceeds.
The Silver-Bronze Corp., owners of the Coto de Caza Equestrian Center and the Coto Valley Sports Club facility, are looking to sell roughly 10 acres of land around the two properties for a pair of infill residential developments.
One project would have 16 homes on 6,000-square-foot lots, while the other would hold 18 homes on 12,000-square-foot lots.
Irvine-based WD Land has the listing for the properties.
The deal “will allow for a variety of designs of homes to give the project a” custom-like feel, according to marketing materials for the land.
A time frame for the deals getting completed and a sale price haven’t been disclosed. Silver-Bronze Corp. will “provide time for buyer to obtain entitlements,” said WD Land’s listing for the property.
