The office building boom has made its way to Anaheim Hills. Silver Oak Development LLC, an Anaheim Hills-based developer that has focused on the Inland Empire, plans to build a three-story, 62,500-square-foot office building in its hometown.
The building isn’t huge compared to towers being built near John Wayne Airport in Irvine. But it stands to be the largest office building to go up in Anaheim in more than three years, said Sheri Vander Dussen, Anaheim’s planning director.
The last one was Trammell Crow Co.’s 383,250-square-foot Arena Corporate Center next to the Arrowhead Pond of Anaheim, which went up in early 2003.
Silver Oak hopes to start construction by January and finish by June, principal Warren Williams Jr. said.
The building is set for a 4.4-acre site in the East Hills Office Park along the Riverside (91) Freeway at Weir Canyon Road. The park is home to offices of General Dynamics Corp., Stewart Title Co. and the Orange County Transportation Authority.
Irvine’s LBA Realty sold the land for the building. Silver Oak paid $7.8 million, or about $1.8 million per acre.
The project could be the last for the area, said Louis Tomaselli, a senior vice president at the Orange office of Voit Commercial Brokerage LP.
Finding developable land in Anaheim Hills and neighboring Yorba Linda is a challenge, he said.
“This is just about the last piece of land out there,” said Tomaselli, who along with Voit’s Mitch Zehner represented Silver Oak in the land buy.
For more on this story, see the Sept. 18 edition of the Business Journal.
