Amazon buys BofA call center for 165 million dollars, raising traffic problems for the mayor of Brea – Press Telegram


E-commerce giant Amazon paid $ 165 million to buy a property north of Brea that has been home to one of the city’s largest employers for 39 years, according to county records and trade data firm CoStar Group.

Amazon’s intended use of the 31½-acre Bank of America call center has not been announced.

But the Orange County Business Journal, which first listed the buyer as Amazon, said the online e-merchant was exploring the possibility of converting the 637,500 square foot office campus into a distribution center. .

Amazon generally does not comment on its development plans.

The Oct. 15 deal is part of at least two dozen land leases or acquisitions that Amazon has entered into in southern California since late 2019, according to an analysis by the Southern California News Group.

The possibility of a new “last mile” delivery station north of the Imperial Highway worried Brea Mayor Steven Vargas, who said he only learned of the details of the deal on Monday, November 7. Vargas noted the highway junction closest to Highway 57 on the Imperial Highway. is already affected by hundreds of garbage trucks serving a nearby landfill.

“Now all of a sudden you add these Amazon trucks, phew, it’s going to impact our neighborhood,” the mayor said on Tuesday. “Without taking those garbage trucks off the imperial highway, our capacity is at maximum. So I am worried about this.

The deal is Orange County’s fifth-largest commercial real estate transaction this year – and the largest for a single office building, according to data from CoStar.

The BofA call center employs nearly 3,000 people. A spokesperson for the company said it plans to shut down the call center by July 2022, a year before its lease expires.

Bank of America informed call center workers last spring that they intended to get them back to work as soon as they were vaccinated, an employee told SCNG. About 800 had returned by October.

Vargas said a BofA vice president told him six months ago that the bank wanted all of its employees to return.

“They are kidnapping one of our biggest employers,” the mayor said. “It’s really a detriment to bring in Amazon.”

A line of delivery trucks leaves a new Amazon “last mile” fulfillment center in Anaheim. The e-commerce giant has tripled the number of “last mile” delivery stations operating in Southern California since December 2019. Its latest acquisition – the $ 165 million purchase of the Bank of America call center from Brea – is the fifth largest real commercial in Orange County. real estate transaction this year. (File photo by Jeff Gritchen, Orange County Register / SCNG)

Jason Killebrew, who took over as Brea’s new director of community development on Tuesday, said in an email that the property’s M-1 zoning supports a variety of uses, including the warehouse and the distribution. But any change in use, development plan or permit application would require city approval, he said.

At 165 million, the sale of 275 Valencia Ave. amounted to $ 259 per square foot, according to CoStar. The three-story office building has an area of ​​212,501 square feet, the building covering a sixth of the size of the property, leaving more than 26 acres of parking.

CoStar lists vendors like Cerberus Real Estate Capital Management LLC and Greenlaw Partners, based in Irvine. The partnership paid $ 110 million for the property in December 2014.

The banking campus manages home loans, insurance, personal and small business banking, and consumer credit cards. Bank of America has occupied the building since its construction in 1982.

Leave A Reply

Your email address will not be published.