Archive for June, 2009
$73M Deal - Transpacific Buys Office Complex!
Transpacific Development Co. of Torrance has acquired the 270,000-square-foot One and Three Premier Place office complex, home to the Taco Bell corporate headquarters and Ford Motor Co., in the largest office sale in Orange County this year.
The purchase price and TDC’s assumption of financial obligations under the Ford and Taco Bell leases bring the total transaction value to approximately $73 million, according to Thomas Irish, president of TDC, who notes that the Torrance-based company is reviewing long-term debt options for the property, which it bought on an all-cash basis.
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