Search
 

Three Tenants Sign Leases Totaling $28 Mil for Space in Irvine Office Complex

ORANGE COUNTY, CA-Layton-Belling has completely filled its newly renovated 19000 MacArthur Office Tower in Irvine, now that three new high-tech tenants have signed leases totaling 97,000 sf.

By Joel Cone | Updated on October 26, 2000

ORANGE COUNTY, CA-Layton-Belling & Associates of Newport Beach has signed leases with three new high-tech tenants for its 19000 MacArthur Office Tower in Irvine. The deal is valued at $28 million. The three leases involve a total if 97,000 sf and put the building at 100% occupancy.

The new tenants are Winfire Inc. a software developer and DSL service provider to Internet users; Qwest Communications, an Internet-based data, voice and image communications company; and Colo.com, a provider of Neutral Central Offices (NCOs) for the deployment of next generation networks.

LBA was represented by CMG Real Estate’s Irvine office in each of the transactions. Represented by Mohr Partners’ Newport Beach office, Winfire signed a 10-year lease for three floors totaling 47,500-sf. Brokers from Grubb & Ellis’ Anaheim office and CB Richard Ellis’ Anaheim office represented Qwest, which signed a 7.5-year lease for 22,000 sf. Colo.com was represented by Cushman & Wakefield’s Irvine and San Francisco offices. The firm signed a 10-year lease for the entire ground floor, totaling 27,261 sf.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.