IRVINE, CA—Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that John Hancock, the US division of life-insurance company Manulife Financial Corp., has acquired Oracle Tower, a 12-story, 272,887-square-foot, class-A office tower at 17901 Von Karman Ave. within the Irvine Concourse Corporate Center here. The purchase price was not disclosed.
GlobeSt.com was unable to reach John Hancock before deadline to discuss the seller's identity or the purchase price, but the property is listed and shown on LBA Realty's website. We will update this story as more information becomes available.
Oracle Tower, constructed in 1985, is a LEED Gold-certified building that was renovated in 2000 and 2010, modernizing the interior, building systems and exterior public spaces. Its location at Von Karman Ave. and Main St. here is adjacent to the 405 freeway and within the 3-million-square-foot Irvine Concourse, offering access to an array of amenities.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
