{"id":1004165453,"date":"2017-01-31T05:25:16","date_gmt":"2017-01-31T13:25:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004165453"},"modified":"2022-12-08T22:45:21","modified_gmt":"2022-12-09T06:45:21","slug":"ngkf-closes-sale-of-4-orange-county-office-assets","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ngkf-closes-sale-of-4-orange-county-office-assets\/","title":{"rendered":"NGKF Closes Sale of 4 Orange County Office Assets"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004165456\" style=\"width: 328px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Centerpointe-office-campus.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004165456\" data-attachment-id=\"1004165456\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ngkf-closes-sale-of-4-orange-county-office-assets\/centerpointe-office-campus\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Centerpointe-office-campus.jpg\" data-orig-size=\"640,512\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Centerpointe office campus\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Centerpointe office campus&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Centerpointe-office-campus.jpg?w=640\" class=\"wp-image-1004165456 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Centerpointe-office-campus.jpg\" alt=\"Centerpointe office campus\" width=\"318\" height=\"254\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Centerpointe-office-campus.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Centerpointe-office-campus.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 318px) 100vw, 318px\" \/><\/a><p id=\"caption-attachment-1004165456\" class=\"wp-caption-text\">Centerpointe office campus in Irvine, Calif.<\/p><\/div>\n<p><strong>Irvine, Calif.<\/strong>\u2014NGKF completed the sale of four multi-tenant, low-rise office buildings in Irvine for $27 million. Wind Water Realty represented the buyer, Kelemen Caamano Investments. The seller, CIP Real Estate, was represented by Robert Griffith, executive managing director of NGKF, investment services, and Brian Garbutt of Lee &amp; Associates.<\/p>\n<p>Located at the corner of Jamboree and MacArthur boulevards, the four buildings are part of the 13.55-acre, eight-building Centerpointe office campus. Totaling 105,295 square feet, the properties\u00a0are 100 percent occupied with tenants including University of California at Irvine, SGS&amp;B Law and Elite Education.<\/p>\n<p>&#8220;This is one of the premier locations in Irvine and a first stop for employees that live in Newport Beach and who want to be near the Airport Central Business District,&#8221; said Griffith in prepared remarks. &#8220;The high-profile corner location demanded an excellent price per square foot of $256 with a 5.5 percent cap rate.&#8221;<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The four buildings are part of the 13.55-acre, eight-building Centerpointe campus. <\/p>\n","protected":false},"author":746,"featured_media":1004165456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21747,34267,15],"tags":[33730,32762,32845],"class_list":["post-1004165453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-office","category-orange-county","category-west","tag-cip-real-estate","tag-lee-associates","tag-ngkf"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NGKF Closes Sale of 4 Orange County Office Assets - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ngkf-closes-sale-of-4-orange-county-office-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NGKF Closes Sale of 4 Orange County Office Assets\" \/>\n<meta property=\"og:description\" content=\"The four buildings are part of the 13.55-acre, eight-building Centerpointe campus.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ngkf-closes-sale-of-4-orange-county-office-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-31T13:25:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T06:45:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Centerpointe-office-campus.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ngkf-closes-sale-of-4-orange-county-office-assets\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ngkf-closes-sale-of-4-orange-county-office-assets\\\/\"},\"author\":{\"name\":\"IvyLee Rosario\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/f2094ece0e063845f848c7f1c7b84780\"},\"headline\":\"NGKF Closes Sale of 4 Orange County Office Assets\",\"datePublished\":\"2017-01-31T13:25:16+00:00\",\"dateModified\":\"2022-12-09T06:45:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ngkf-closes-sale-of-4-orange-county-office-assets\\\/\"},\"wordCount\":175,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ngkf-closes-sale-of-4-orange-county-office-assets\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/01\\\/Centerpointe-office-campus.jpg\",\"keywords\":[\"CIP Real Estate\",\"Lee &amp; 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