In January of 2010, Brookhollow acquired a 186,906 square foot corporate headquarters industrial building in the Irvine Spectrum, California. This was an all cash purchase by Brookhollow and its partner, Penwood Real Estate Investment Management.
Action: Implemented a $1 million refurbishment of the building to enhance marketability and attract a corporate user. Focused marketing efforts were implemented to differentiate the project from the competition.
Results: A lease was secured with Bio-Rad Laboratories incorporating specialized cooling systems with redundant capabilities. The project was sold to an investor in May 2013.