By Razvan Cimpean
Irvine Co. acquired Alton Plaza, a 19-building office, research and development campus in Irvine, Calif. According to Yardi Matrix data, the 14.5-acre campus was previously owned by AEW Capital Management. The property is currently 95 percent leased to technology, medical device, research and development, real estate and engineering companies.
The 215,526-square-foot asset is located at 15205-15295 Alton Parkway, in proximity of the Irvine train station and Irvine Spectrum Center. The new owner plans to upgrade the one- and two-story buildings. Last month, Irvine Co. arranged a 96,000-square-foot lease for Toshiba at University Research Park.
“We want to create memorable workplace experiences that support growth and innovation while enhancing recruitment and retention efforts,” said Steve Case, executive vice president, in prepared remarks.
Image courtesy of Yardi Matrix