FOCUS: ONE PACIFIC PLAZA

Bentall Development Co. acquired the 12-story One Pacific Tower and the six-story One Pacific Plaza II office buildings at Pacific Plaza in January for about $34 million. Pacific Plaza, a 14.3-acre development in Huntington Beach, includes three office buildings, a Holiday Inn, two restaurants, a medical office building and a parking structure. One Pacific Tower, which was completed in 1988, is 55% leased. The six-story building, finished in 1985, is 60% leased. Bentall, whose parent company is headquartered in Vancouver, Canada, has an office in Orange. FACTS AND FIGURES Address: 7755 and 7711 Center Ave., Huntington Beach Owner: Bentall Development Co. Original Developer: Cavan Associates, Phoenix Architect: Leason Pomeroy Associates, Orange Primary Contractor: McCarthy Western Constructors Inc., Irvine and L.A. Land Co. Leasing Agent: Matlow-Kennedy Corp. of Long Beach Property Management: Bentall Property Management Co. Acquisition Broker: Meridian Pacific Commercial Real Estate Services Financing: Royal Bank of Canada Number of floors:12 and 6 Square feet: 188,150 total rentable space in One Pacific Tower; 95,392 in the six-story building Use: Office Parking capacity: 4 spaces per 1,000 square feet Rental cost per square foot: $1.60 for the six-story building, $1.80 for the 12-story tower MAJOR TENANTS Square feet Bally’s Health & Tennis Corp.: NA Great Western Bank: NA Scott Paper Co. NA Hexcel Corp. NA Source: Madeline Zuckerman Public Relations