Real estate briefly: Irvine Company buys 19-building Alton Plaza

April 17, 2017

Irvine Company has bought the 19-building Alton Plaza in Irvine Spectrum. Terms of the deal were not disclosed.

The company in a statement said it plans to revitalize the 216,000-square-foot campus on Alton Parkway near the Irvine train station. When completed, roughly 700 employees from 25 companies will have access to indoor and outdoor workspaces “designed to foster innovation and collaboration,” Irvine Co. wrote.

The real estate company also reports that its “NextGen” campus at Sand Canyon Business Center, and the 21-story 200 Spectrum Center, which opened last year, are nearly fully leased. The company’s twin 21-story building — 400 Spectrum Center — will be completed this summer.

Alton Plaza, the landlord reports, is 95 percent leased to technology, medical device, R&D, real estate and engineering companies.

 

Buena Park homes

Irvine-based homebuilder Brandywine has secured nearly 2 acres in Buena Park for its next development, Corsica. The new community will include 17 townhomes on 1.66 acres at 8572 Stanton Ave. It will break ground in May and vertical construction is expected to begin this summer, the company said in a statement. Corsica is scheduled to open for sale in the fall.

The homes, roughly 1,842- to 2,100-square-foot Mediterranean-style townhomes, will include energy-efficient tankless water heaters, recessed lighting, double-strength glass windows, and state-of-the-art communication and networking systems.

Corsica is near Knott’s Berry Farm, the Buena Park downtown shopping district, Ralph B. Clark Regional Park and major employers including Prologis, Leach and Access Business Group.

 

On the Move

Chris Tindall has been appointed associate and director of mechanical, electrical and plumbing engineering at LPA Inc. in Irvine. In his role, Tindall will be responsible for overseeing the financial and operational aspects of the MEP engineering group and provide technical leadership for integrating appropriate and sustainable engineering systems into projects.

Rancho Santa Margarita-based Cypress West Partners has added Ryan Borzouei as director of asset management and acquisitions and Casey Immel as director of leasing. Previously, Borzouei was a vice president with Bank of America. Immel has spent the last 10 years focused exclusively on healthcare tenant representation, leasing, marketing, sales and site selection during his prior role as vice president with CBRE.

 

Originally published on April 17, OC Register

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