The San Diego-based company, Ninyo & Moore, has paid more than $2 million for the parcel, which is located at the intersection of Irvine Center Drive and Tesla in Spectrum V. Ninyo plans to construct a 36,267-sf divisible building on the site. The company will occupy the facility in December 2001.
Dennis Highland and Mark Jerue of Lee & Associates' Irvine Spectrum office represented Ninyo & Moore. The seller, The Irvine Co., was represented by Stan Mullin and Jim Cunningham of Grubb & Ellis' Newport Beach office.
The Irvine Spectrum, which is open during construction, will encompass 700,000 sf when completed. The complex is managed by Madison Marquette.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
