Airport Plaza

  • 5000-5001 Airport PlazaLong Beach, California

This two-building project at the Long Beach Airport was purchased out of bankruptcy. The project was subject to a ground lease with 28 years remaining.  One building was entirely vacant and the other had near-term rollover. Pacifica refurbished both lobbies and common areas, leased the vacant space, restructured and extended the existing tenant lease, and re-structured and extended the existing ground lease for an additional 30 years with the City of Long Beach before selling the project. This project was a venture with Investcorp International.

  • Property TypeOffice
  • SQ Ft.126,155 SF