IRVINE, CA—Avison Young has shared exclusively with GlobeSt, the news that it has completed the $27.41-million sale of the Landmark Building, a four-story, 89,041-square-foot class A office building located in the John Wayne Airport submarket of Irvine.
Avison Young Principals Alan Pekarcik and Dan Vittone, based in the company's Orange County office, represented the sellers, 2100 Main L.P. and Bethel Holdings, LLC. The buyer, Property Investment Co., was represented by North American Commercial and Industrial Properties, Inc.
Built in 1985, the property is located at 2100 Main Street within the Irvine Concourse, a 10-building, 48-acre master-planned office park that includes restaurants, a sports club and two hotels. The building was approximately 60% occupied by nine tenants at the close of escrow..
“This transaction was completed off-market,” comments Pekarcik. “The buyer plans to occupy approximately 10,000 sf to 15,000 sf of the building.”
The Landmark Building offers easy access to and visibility from Interstate 405, as well as convenient connections to the Route 55 and 73 freeways. The building features a renovated lobby, offices with high ceilings, floor-to-ceiling glass, and a covered parking structure.
Avison Young, the world's fastest-growing commercial real estate services firm, headquartered in Toronto, is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 1,900 real estate professionals in 67 offices.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
