Costa Mesa-based Brookhollow Group is looking to sell its Pacific Center office complex in Santa Ana for more than double what it paid for the property in 2015.
The developer bought the 393,000-square-foot office complex in 2015 for $43.9 million, or nearly $112 per square foot, with frequent partner and Los Angeles investor PCCP LLC.
After wrapping extensive interior and exterior renovations and increasing occupancy to about 85%, the company has listed the two-building complex for close to $100 million, according to trade publication Real Estate Alert.
The asking price comes to about $256 per square foot for the complex, just off the Costa Mesa (55) Freeway on Saint Andrew Place.
Brookhollow bought the complex after Ingram Micro Inc. relocated operations from Santa Ana to the Park Place campus in Irvine.
Residential loan provider Mr. Cooper now is the primary tenant at the complex, occupying nearly 190,000 square feet; it signed a lease there a couple years ago.
Irvine-based marketing firm Advantage Solutions recently signed a 62,000-square-foot lease at the complex to expand its area operations, according to brokerage data.
CBRE Group Inc. is listing the rest of the available space at the property; two offices totaling 34,000 square feet.
