• CoStar Group expands relationship with Irvine Company in Southern California
• One La Jolla Center is now 95% leased
SAN DIEGO, Calif. (July 24, 2023) — Irvine Company today announced CoStar Group has signed a lease for 45,700 square feet at One La Jolla Center, the modern 15-story high-rise in La Jolla UTC.
CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, plans to occupy the 4th and 5th floors with an estimated move-in date of Fall 2023. The company also leased in 2021 an entire four-story, 115,000 square foot building at Spectrum Terrace, Irvine Company’s recently completed 1.1M square foot campus located in Irvine.
One La Jolla Center is now 95% leased.
“CoStar Group recognizes the value our workplaces provide, helping them bring their teams together to drive growth and success,” said Roger DeWames, Division Executive Vice President, Irvine Company Office. “The right workplace partner has never been more important and Irvine Company’s frictionless partnership, commitment to quality and unmatched financial stability gives companies the confidence to grow with us across our expansive portfolio throughout coastal California, Chicago and New York City.”
Prominently located at the I-805 and La Jolla Village Drive, One La Jolla Center offers 306,000 square feet of modern workspace in the epicenter of San Diego’s most prestigious business district. Designed by internationally renowned architectural firm Pei Cobb Freed & Partners, the building features floor-to-ceiling Viracon glass and linen-finished stainless-steel exterior.
Unique onsite amenities include spacious open-air gathering areas with comfortable seating, outdoor games and WiFi; full-service café Banyan Kitchen; elevated meeting & event space, a private KINETIC fitness centers; EV charging stations; bike and surf lockers, private showers, and wetsuit drying racks.
CoStar Group was represented by Bill Cavanagh with Cushman & Wakefield.
About Irvine Company Office
Irvine Company elevates the workplace by combining inspired design, exceptional quality, innovative solutions and experience-driven amenities. Renowned for continual evolution, reinvestment and personalized service, Irvine Company creates environments that cultivate collaboration, creativity and customer success. The company serves more than 3,000 customers in 50 million square feet of premier workplaces in Orange County, Los Angeles, Silicon Valley and San Diego, as well as iconic towers in Chicago and New York. Irvine Company leads the industry with a forward-looking mindset and commitment to creating thriving communities.
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1987, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities. Apartments.com is the leading online marketplace for renters seeking great apartment homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most heavily trafficked online commercial real estate marketplace with over twelve million monthly global unique visitors. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X offers a leading platform for conducting commercial real estate online auctions and negotiated bids. Homes.com is the fastest growing online residential marketplace that connects agents, buyers, and sellers. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France’s leading commercial real estate news service. Thomas Daily is Germany’s largest online data pool in the real estate industry. Belbex is the premier source of commercial space available to let and for sale in Spain. CoStar Group’s websites attract nearly 100 million unique monthly visitors. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia. From time to time, we plan to utilize our corporate website, CoStarGroup.com, as a channel of distribution for material company information. For more information, visit CoStarGroup.com.