Pinnacle Spends $40M On Office Building

26632-26642-26672 Towne Centre Drive, Foothill Ranch, CA
Courtesy of Lee & Associates

Pinnacle Asset Management Group just plunked down $40M for an office building in Foothill Ranch.

Equity Office/Blackstone sold the 203,749 SF building at 26632-26642-26672 Towne Centre Drive.

The 17-year-old building is 100% leased, with tenants including PepsiCo, Loandepot and Arrow Electronics.

Lee & Associates SVP Ryan Swanson and SVP Kurt Bruggeman repped Pinnacle Asset Management Group.

Equity Office/Blackstone was repped by HFF senior managing director Ryan Gallagher, director Tim Geiman and associate director Derreck Barker.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Orange County Newsletters
Related Stories

Why Top-Secret Facilities Are Permeating Greater D.C.'s Office Market

DivcoWest Sells Glendale Office Building For $70M

Hines And Rialto Close Office Credit Fund At $1.1B

Rig Collapse At Citadel HQ Site Sends 4 To Hospital

Northern Virginia Office Tower Sells For Double Its 2024 Price

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where

Fertility Provider Opens Clinic At 1900 Lawrence Office Tower: The Denver Deal Sheet

Office Revenues Are Failing To Keep Pace With Expenses

Security Tech Firm Plans Loudoun HQ Move: The D.C. Deal Sheet

Stephen Ross Expands Palm Beach Empire With Massive Boca Raton Campus

25 Years After 9/11, Lower Manhattan Is Finally Firing On All Cylinders

Tishman Speyer Seeks $92M Tax Break For Next Hudson Yards Office Tower