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CIP Real Estate Grabs Office Building for $5.7M

IRVINE, CA-Located at 19762 MacArthur Blvd., the 37,738-sf multi-tenant office was 63% leased at close of escrow. CIP specializes in the acquisition, redevelopment, repositioning and management of industrial and business parks.

By Erin Cassin | Updated on August 06, 2002

IRVINE, CA-A three-story office building here has been acquired by the locally based real estate investment company CIP Real Estate.

CIP, which specializes in the acquisition, redevelopment, repositioning and management of industrial and business parks throughout Southern California, has paid $5.7 million for the Irvine property. Encompassing 37,738 sf, the multi-tenant building is located at 19762 MacArthur Blvd. It was 63% leased at close of escrow.

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