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$50-Mil Lease Clears Way for New Tower

ORANGE COUNTY, CA-Developer Opus West to begin construction of 14-story high-rise in Irvine within weeks, now that law firm has agreed to take 128,000-sf anchor position.

By Erin Cassin and David W. Myers | Updated on February 15, 2001

ORANGE COUNTY-A large law firm has agreed to take a 128,000-sf anchor position at a long-planned high-rise in Irvine, prompting developer Opus West to announce that construction will begin within weeks.

The 14-story, 321,000-sf tower will represent the second phase of the Phoenix-based developer’s Opus Center Irvine complex. When completed in a few years, the three-phase project will have 930,000 sf of space.

The 10-year lease is valued at more than $50 million and was signed by the law firm of Knobbe, Martens, Olson & Bear. The firm, which specializes in intellectual property law, plans to move its 300-person staff from Newport Beach when the Irvine tower is completed in the summer of next year.

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