Yorba Linda Commerce Center Acquired by Harbor Associates | Real Estate Services M&A Deal

Harbor Associates has completed the acquisition of Yorba Linda Commerce Center, a real estate services other business in California, for $81 million. Harbor Associates acquires Yorba Linda Commerce Center, a 280,000-square-foot, multi-tenant industrial campus in Yorba Linda with 10 buildings and 83 industrial units. The property was 98% leased at closing and supports small-bay industrial tenants plus non-industrial users like education and specialty retail. Harbor Associates acquisitions in Orange County reflect a platform acquisition strategy backed by a private equity acquisition profile, with Harbor and Farallon Capital Management forming a joint venture. The deal included a $56.3 million acquisition loan from an affiliate of QuadReal Property Group and was announced as a $50M–$100M platform acquisition.