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Parallel Capital Partners Acquires Bixby Office Park in Seal Beach for $85 Million
Largest office deal completed in Orange County to date in 2013 reflects improving market conditions
Bixby Office Park is located at 3001-3005, 3010, 3020 and 3030 Old Ranch Parkway in Seal Beach, Calif., 90740. The 297,241-square-
Adam Edwards and K.C. Scheipe of Eastdil Secured represented the seller. Parallel Capital Partners represented themselves in the negotiations.
Matt Root, a Parallel Capital Founding Partner, said, “This is the largest office deal completed in Orange County to date in 2013 and is indicative of the improving conditions in the markets in the western United States where Parallel Capital Partners does business. We see the opportunity to do additional high-quality deals in this region throughout this year and significantly expand the size and value of our portfolio.”
Parallel Capital Partners, Inc. (parallelcapitalpartners.com)