(Mark Your Calendars: RealShare Orange County, August 18 in Newport Beach).
IRVINE, CA-Hines and a subsidiary of a fund managed by Oaktree Capital Management have acquired the 100%-leased Alton Corporate Plaza office building from Legacy Partners Commercial Inc. The price was undisclosed, but sources say it's $32.4 million.
The property is a two-building, 205,267-square-foot office complex situated on a 9.55-acre site in the Irvine Business Complex in the Orange County Airport area. The tenant roster includes JP Morgan Chase with 62% of the space, along with the remainder occupied by Nexus IS and Source Interlink Magazine. Hines has assumed property management responsibilities on behalf of the joint venture.
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