PMRG SELLS THE LAST OF SHEA PROPERTIES’ ALISO VIEJO TOWN CENTER BUILDINGS

ORANGE COUNTY, Calif. (Orange) – PM Realty Group (PMRG), a nationally recognized, full-service commercial real estate firm, today announced that Tim Joyce, Senior Vice President of PM Realty Group, and Gary Allen and Doug Matthews of Newmark Grubb Knight Frank represented Shea Properties in the sale of two buildings, 26940 Aliso Viejo Parkway and 26970 Aliso Viejo Parkway. 

The building located at 26940 Aliso Viejo Parkway, was sold to Roosevelt Capital Partnership for $6,751,154 or $199 per square foot.  The second building, 26970 Aliso Viejo Parkway, was sold to AVM Investment Group for $7,176,395 at a price of $185 per square foot.  PM Realty Group and Newmark Grubb Knight Frank co-brokered both deals representing both the buyers and the sellers in these transactions.  

 “With the sale of these two buildings, Shea Properties has completed the disposition of their remaining holdings at Aliso Viejo Town Center,” said Joyce who has been representing Shea Properties in both leasing and sales transactions for nearly 20 years. 

Both 26940 and 26970 Aliso Viejo Parkway are freestanding two story office buildings that are surface parked in the Aliso Viejo Town Center.  This project is conveniently located near the 73 Freeway, John Wayne Airport, and in close proximity to a variety of dining restaurants.  Both buildings have spaces available to lease. The Roosevelt Capital Partnership will rebrand their property and build out creative office space in its vacant units to set itself apart from the more traditional build out at the center.   

For leasing information, contact Tim Joyce at 949-390-5525 (Tjoyce@pmrg.com) 

About PMRG

PMRG merged operations with Madison Marquette in June 2018 to create a new leader in commercial real estate. The firm offers PMRG’s leasing, property management, investment management and development services, combined with Madison Marquette’s specialized development, investment and marketing expertise. Madison Marquette’s strength in retail and mixed-use assets joins PMRG’s office, medical, industrial and multi-family capabilities to provide national leadership across asset classes. PMRG’s dominance in the southern US combines with Madison Marquette’s presence in primary gateway markets on both coasts to serve the top institutional owners and investors in the industry. The company provides leasing and management services to a diverse portfolio of 330 assets in 24 states and manages an investment portfolio valued at over $6 billion. The combined company is headquartered in Washington, DC with a major presence in Houston, TX. With 600 professionals in 12 regional markets, the merged firm is a member of the Capital Guidance group of companies.