A 75,426 square-foot office building in Corona, California that sat vacant for the past four years has a new owner this week as Bixby Land Company announced the purchase of 2455 Anselmo Drive. While price, terms of the deal and representation in the transaction were not disclosed, it is known that Cushman & Wakefield had been marketing the property.
"We viewed this as a great opportunity to invest in a building at approximately 50% of replacement cost and immediately add value by securing an anchor tenant," said Bill Halford, president and CEO of Bixby Land Company.
The top two stories of the three-story building have been leased to construction company Atkinson/Walsh, the design-build firm that last month secured a $632 million contract from the Riverside County Transportation Commission (RCTC) to improve the Highway 91 corridor. The RCTC also plans to occupy a portion of the building as it collaborates with Atkinson/Walsh on the freeway restoration project.
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