The owners of the Anaheim Ducks have bought a 12-acre site approved for hundreds of homes, shops and offices next to Angel Stadium in Anaheim for $64.5 million.
An unidentified affiliate of Henry and Susan Samueli, owners of the NHL hockey team, bought the industrial property containing a 105,000-square-foot building at 2040 and 2050 South State College Boulevard, the Orange County Business Journal reported.
The sellers were Newport Beach-based EBS Realty Partners and Connecticut-based Penwood Real Estate Investment Management.
The deal works out to $614 per square foot, or nearly $5.4 million per acre — 47 percent more than it last traded for three years ago.
EBS and Penwood bought the property in 2021 for $43.8 million, or $417 per square foot, or nearly $3.7 million an acre.
In 2016, the city approved the site for 405 homes, 583,000 square feet of shops and restaurants and 77,000 square feet of offices.
For the short term, the Samuelis want to use the building as a headquarters for OCVibe, a development project for a 95-acre retail village similar to L.A. Live, with apartments, hotels, offices, shops and restaurants planned around the city-owned Honda Center arena, home of the Ducks, at 2695 East Katella Avenue, according to Anaheim spokesman Mike Lyster.
OCVibe is now based out of the 385,000-square-foot Arena Corporate Center at 1400-1600 South Douglass Road, which the Samuelis plan to raze for as many as 750 homes.
The project was approved for 1,500 homes; 1.1 million square feet of offices, including a new 325,000-square-foot office building; 230,000 square feet of retail, including three dozen restaurants plus a food hall; two hotels with 550 rooms; a 5,700-seat concert arena; 11,000 parking slots, plus 20 acres of parks and walkways.
“We acquired this property to meet our temporary needs as we build out OCVibe,” Matt Hicks, vice president of public affairs for OCVibe, told the Business Journal.
Long term, the billionaire couple want to use the building on State College Boulevard for a new headquarters for the Anaheim Ducks, unidentified sources told the Business Journal.
H&S Ventures, controlled by Broadcom Chairman Henry Samueli and his wife, Susan, bought the three-building Arena Corporate Center in 2018 for $125.5 million, or $326 per square foot.
In 2005, the couple bought the Anaheim Ducks for $70 million. The team is now valued at $480 million, according to Forbes, which pegged the worth of the Broadcom co-founder and his wife at $18.5 billion.
— Dana Bartholomew
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