TMG Partners has bought a two-building office complex in Santa Ana, Calif. for $125 million. The seller was Triple Net Properties, which worked on behalf of its client, G REIT.
The HawthornePlaza property consists of 419,000 sq. ft. distributed between two buildings. The adjacent five-story building, located at 95 Hawthorne Street, was renovated in 1990. The property is currently 89% leased with the Goverment Services Administration occupying 82% of the property's gross leasable area.