Laurus Corporation, a U.S. based private real estate investment and development firm, recently awarded the exclusive leasing and management of 24012 Calle de la Plata, also known as Saddleback Financial Center, to Stream Realty Partners (Stream), a national real estate services, development and investment firm. The building currently has availabilities ranging from 900 to 18,000-square feet.
The four-story, 73,000-square foot, institutional quality office building is in the heart of Laguna Hills’ South Orange County office submarket, with excellent access to the 5 and 405 freeways, as well as the 73 and 241 Toll Roads. The property sits within walking distance to the Laguna Hills Mall which is currently being redeveloped into a mixed-use village known as Five Lagunas.
Laurus Corporation, which acquired the asset in October of 2017, is planning to update the building infrastructure and aesthetics, ultimately repositioning the building as a premier Class A office to both medical and traditional office users.
“It is an exciting opportunity to continue working on this asset, especially with Stream’s history of being on the project since 2014,” said Stream Vice President Mike Adams. “We look forward to working with Laurus Corporation on another prized asset within their Southern California portfolio.” Adams along with Associate Eric Feucht will lead leasing efforts, while Kana Lee and Tania Chavez will manage the property on behalf of ownership.