IRVINE, CA—Bixby Land Company has extended the reach of its contemporary workplace developments with the acquisition of a 262,463-square-foot corporate headquarters building at 9950 Jeronimo Road in Irvine. Bixby purchased the building for $44.25 million from Kawasaki Motors Corporation, USA, which was represented in the transaction by Gregg Haly of CBRE.
Bixby plans an extensive $20 million redesign to meet the growing demand for modern work spaces in Orange County, especially from larger tenants.
This latest acquisition is Bixby's fourth in Orange County over the past 18 months. The firm also recently purchased 15771 Redhill Avenue in nearby Tustin, Calif. That project is in development for one or two users in a 90,000-square-foot building.
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