Newmark has announced completion of a 52,095-square-foot lease for CNI College, an Orange County-based nursing school, at Pacific Center, located at 1610 St Andrews Place in Santa Ana.
Newmark Senior Managing Director Drew Netherton represented the tenant in the 130-month lease valued at $16 million. CBRE’s Ross Bourne represented the landlord Brookhollow.
CNI College will be relocating and expanding from their current location in Orange. Pacific Center is a two-building, two-story office complex totaling 202,733-square-feet of space. It is centrally located between two major Metrolink Stations with numerous OCTA bus routes on or adjacent to the property. The tenant also benefits from close proximity to numerous amenities, including The District at Tustin Legacy.
“The new location provides CNI an opportunity to upgrade its facility as well as occupy a single floor. They also gain abundant free parking and ease of access for their students,” said Netherton.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark”), is one of the world’s leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, Newmark’s strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.
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Newmark, which is listed on the NASDAQ Global Select Market under the symbol “NMRK”, is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”), a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol “BGCP”. BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol “BGCA”.
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