News Summary
The 34-acre Beckman Coulter campus in Brea, California, is up for sale, providing a major redevelopment opportunity. Managed by Hines and Cushman & Wakefield, the site includes three industrial buildings and two office buildings, totaling 576,234 square feet. With the potential for residential and mixed-use developments, this property is positioned to meet the increasing housing demands in southern California. Interested investors can explore a variety of options as the site’s lease is set to expire in three years.
Brea, California – Beckman Coulter Site Up For Sale
The 34-acre Beckman Coulter campus in Brea, California, has been listed for sale, presenting a significant redevelopment opportunity for potential investors and developers. The property is situated at 200-250 S. Kraemer St. and encompasses three industrial buildings and two office buildings, amounting to a total of 576,234 square feet.
Houston-based real estate firm Hines has enlisted Cushman & Wakefield to manage the sale of the site, which currently serves as the global headquarters for Beckman Coulter Diagnostics. Although the company has been an occupant of the campus, their lease is set to expire in three years and will be included in the sale offer.
Development Potential
Cushman & Wakefield emphasizes that the site offers a unique chance for developers and investors to control a substantial area of southern California real estate, signaling potential future developments in the region. The city of Brea has expressed openness to re-zoning the property for residential uses, a move that aligns with the growing demand for housing in the area.
The site’s adaptability allows for the development of over 650,000 square feet of industrial space, catering to the increasing market demands. Recent approval by Brea’s city officials for multiple new industrial projects highlights the city’s flexibility regarding future site uses, which may include residential, retail, and mixed-use developments.
Market Context
The drive for additional housing has become a crucial factor in ongoing discussions regarding residential development on the site. As Brea continues to evaluate options for land use and development, the Beckman Coulter property stands out as a prime location for future growth, potentially transforming the landscape of the area.
As the property is being marketed under fee simple interest, prospective buyers are presented with variable options to consider, opening the door to innovative projects that could benefit from both current industrial capabilities and future residential needs.
Ownership History
Since its acquisition in 2018, Hines, in partnership with Oaktree Capital Management LP, has managed the Beckman Coulter site. Their ownership has focused on leveraging the property’s strategic location and size to meet evolving market demands.
In summary, the Beckman Coulter site in Brea is now on the market, offering an array of redevelopment opportunities that could play a significant role in shaping the future of the area. With its substantial acreage, strong location, and potential for versatile uses, the property is poised to attract interest from a variety of investors and developers aiming to tap into southern California’s robust real estate market.
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HERE Resources
Additional Resources
- Orange County Business Journal: Beckman Coulter Site Hits Open Market
- PR Newswire: Beckman Coulter Announces FDA Clearance of DXC 500i Clinical Analyzer
- Wikipedia: Beckman Coulter
- Google Search: Beckman Coulter news
- PR Newswire: Beckman Coulter’s DXI 9000 Immunoassay Analyzer Honored
Author: STAFF HERE HUNTINGTON BEACH
The Huntington Beach Staff Writer represents the experienced team at HEREHuntingtonBeach.com, your go-to source for actionable local news and information in Huntington Beach, Orange County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Huntington Beach Surf City USA Marathon, the U.S. Open of Surfing, Fourth of July celebrations at the Huntington Beach Pier, and community festivals at Huntington Beach Central Park. Our coverage extends to key organizations like the Huntington Beach Chamber of Commerce and Visit Huntington Beach, plus leading businesses in retail, hospitality, and outdoor recreation that drive the local economy. As part of the broader HERE network, including HEREAnaheim.com, HERECostaMesa.com, HERESantaAna.com, and HERELosAngeles.com, we provide comprehensive, credible insights into Southern California's dynamic landscape.
