IRVINE, CA—Glen Bell Way, a class A, 273,180-square-foot office/R&D campus in downtown Orange County's Irvine Spectrum, has changed hands. Newmark Knight Frank's co-head of US capital markets Kevin Shannon, Executive Managing Directors Paul Jones, Ken White and Brunson Howard and Director Brandon White represented the undisclosed seller.
The buyer, Skyline Group International, a Taiwan-based multifamily company, was sourced by Newmark Vice Chairman, Divisional Head of International Capital Markets Alex Foshay. "The buyer was familiar with the Irvine Spectrum and realized Glen Bell Way offered a rare and unique opportunity to acquire a Class A asset with strong credit tenancy and an attractive weighted average lease term," Jones says in a prepared statement.
Shannon adds that "This is yet another example of family office capital stepping up to acquire a trophy Orange County office building. Private capital, both domestic and foreign, have dominated the buyer landscape for Orange County office trades this year."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
