The Abbey Co. has purchased Catalina Landing, four office buildings in downtown Long Beach, Calif., and the only waterfront office complex in the city. The purchase price was undisclosed.
The 275,962 sq. ft. property, located at 310-340 Golden Shore Blvd., will become the corporate headquarters for The Abbey Co. Its current headquarters are located in Garden Grove, Calif. "The company’s growth over the last several months, in addition to our planned expansion in 2002 and beyond, has created a need for a more spacious company headquarters," said Robert Albrecht, vice president of acquisitions.
The purchase brings the company’s portfolio to a total of 42 properties and 4 million sq. ft. of space.