The complex consists of two, four-story office buildings that encompass 161,243 sf, as well as a one-story, 4,736-sf retail building. The mixed-use development is located at 15615-15635 Alton Parkway. It was 89% leased at time of sale, with tenants including WonderWare Corp., Lee & Associates, Johnson & Johnson and the Semantic Corp.

The seller, Connecticut General Life Insurance Co., was represented by a Cushman Realty Corp. brokerage team consisting of A. Martin Morgenstern, Rick Hamilton, Jon Nesbitt and Rick Kaplan. All four brokers work out of the firm's Orange County office. The Irvine Co. was represented in-house.

The complex is one of a very few large properties to change hands in Orange County in recent weeks. Brokers say that sales of large properties in the county have dropped in recently, as pension funds and other institutional buyers revamp their nationwide investment strategies to cope with a shaky stock market and slowing economy.