One of California’s most influential couples is the new owner of a 12-floor office building near Angel Stadium—the most expensive office sale of the year for Orange County.
Corona del Mar-based H&S Ventures LLC, a company founded by Henry and Susan Samueli in 1999 to oversee Samueli Foundation’s investments, bought Stadium Tower at 2400 E. Katella Ave. in Anaheim for $72.9 million, according to public documents. H&S Ventures acquired Stadium Tower from CBRE Investment Management.
“It’s a great buy for the owner,” Rick Warner, a senior vice president with CBRE’s Advisory and Transaction Services team, told the Business Journal.
The purchase marks a significant addition to the couple’s plans for the $4 billion development of OCVibe that surrounds the nearby Honda Center. Henry and Susan Samueli, owners of the Anaheim Ducks, have taken all the available vacant office space within the building, as H&S Ventures will be an owner-occupier of Stadium Tower. They are also looking to buy nearby properties, Warner said.
The purchase doesn’t necessarily mean H&S would relocate its entire operations or headquarters to the tower.
The buy is also part of a growing trend in Southern California office sales, Warner added.
“We’re going to see more owner-occupied sales in Orange County,” he said.
Henry Samueli is the co-founder of chipmaker Broadcom Inc., where he is still the chairman of the successor company and has a wealth estimated by the Business Journal topping $25 billion. The company’s market cap at press time was $1.2 trillion (Nasdaq: AVGO).
A Tower Overlooking Angel Stadium
The 261,858-square-foot office tower, which can be viewed from many seats inside Angel Stadium as fans look beyond the outfield horizon, sold for about $275 per square foot. That’s significantly more than the $106 per square foot Joe C. Wen, another high-profile Orange County executive and philanthropist, paid for 5000 Birch St. in Newport Beach.
Wen’s Formosa Ltd. bought the two-building, 310,000-square-foot office building from Toronto-based Manulife Financial Corp. for $33 million.
Stadium Tower, located at 2400 E. Katella Ave. in Anaheim, was built in 1988 and renovated in 2017. The building was 89% leased at the time of the sale, according to CoStar.
Stadium Tower’s tenants at the time of the sale included The Chicago School of Professional Psychology, New York Life, Banc of California, Cedars-Sinai and Voit Real Estate Services, according to CoStar data.
Orange County’s Office Market
The $72 million price tag for Stadium Tower makes this transaction the most expensive deal for an Orange County office building in 2025, so far.
Previously, the most notable office building transaction of 2025 was Wen’s purchase of 5000 Birch St.
Another recent notable transaction was the Irvine Community Land Trust paying $26.5 million, or $380 per square feet, for a 70,000-square-foot office building at 2400 Barranca Parkway in Irvine. The Orange County nonprofit plans to convert the building into housing.
Brea-based Eagle Hua Inc. made one of the biggest splashes of the year when the company bought 27401 Los Altos in Mission Viejo for $24 million, or $336 per square foot, in January.
Hyundai Glovis snatched an Irvine office building for $22 million in April. Arizona-based Meritage Homes bought a vacant office building in Santa Ana for $19.2 million, with plans to convert the 111,483-square-foot tower into 86 townhomes.
Glaukos Corp. paid $16.6 million for a two-floor 40,000-square-foot office building next to its Aliso Viejo headquarters in April. The deal penciled out to almost $415 per square foot.
CBRE, in a recent report, found the national office market would lose more space, nearly 23 million square feet, would be taken offline, and converted to another use than the new supply slated to come online, 10.5 million square feet.
Orange County could see more than 4.2 million square feet of office removed or converted for another use by the end of this year, the CBRE report continued.
