Orange County center sold for $46.5 million

BY Al Urbanski

Bristol Center, a 165,508-sq.-ft. community shopping center in Santa Ana has been acquired for $46.5 million by JH Real Estate Partners, an Orange County real estate investment company.

Situated on 14 acres of leased-fee land directly across from South Coast Plaza, the center’s tenants include Michaels, Staples, Party City, Buffalo Wild Wings, Chick-fil-A, and Firestone Auto Care.

NRP Retail Partners West, a CBRE company, brokered the sale on behalf of both the buyer and the seller, Sarofim Realty Advisors.

“The property’s ideal Bristol Street location across from South Coast Plaza [and] strong historical occupancy…make it a very attractive acquisition for the buyer,” said CBRE’s Kirk Brummer.

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