Buchanan Street Partners Acquires Spectrum Centre
Deal News | Apr 15, 2025 | Buchanan Street Partners Inc
Buchanan Street Partners, a Newport Beach-based real estate investment management firm, has completed the acquisition of Spectrum Centre Business Park, a 16-building industrial complex in Lake Forest, California. The park, which totals 227,757 square feet and serves multiple tenants, is located on Bake Parkway and was purchased from a fund based in Los Angeles. This acquisition marks a significant addition to Buchanan Street's portfolio, enhancing its footprint in the infill industrial real estate market.
Sectors
- Real Estate Investment
- Industrial Real Estate
Geography
- United States – The transaction took place in Lake Forest, California, which is part of the U.S. real estate market.
- California – Both the purchaser, Buchanan Street Partners, and the property are located in California.
Industry
- Real Estate Investment – Buchanan Street Partners operates in real estate investment, specializing in acquiring and managing properties like industrial parks.
- Industrial Real Estate – The acquisition involves an industrial business park, emphasizing the company's strategy in the industrial sector of real estate.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Buchanan Street Partners Inc. | Buyer | Company | A real estate investment management firm based in Newport Beach, California. |
| Spectrum Centre Business Park | Target Company | Company | A 16-building small-bay industrial park located in Lake Forest, California. |
| Los Angeles-based fund | Seller | Company | The entity selling the Spectrum Centre Business Park to Buchanan Street Partners. |