ORANGE COUNTY, CA-Undeterred by the high vacancy rates in the Orange County office market, AEW Capital Management has purchased the 315,000-square-foot 2050 Main St. in Irvine, CA for an undisclosed price. The Boston-based investment advisor made the purchase on behalf of an institutional client.
AEW director Daniel Bradley, in a statement, describes the building as “a high-quality trophy property in a premier location with high tenant demand.” He adds that the building’s pending LEED Gold certification will increase its attractiveness to tenants.
The seller was a joint venture of a joint venture Westbrook Partners, Walton St. Capital LLC and Greenlaw Partners. Eastdil Secured represented the seller in sales negotiations, while the buyer repped itself.
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