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7/22/14
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J & R Main Street LLC has acquired a 143.7k sf office building along with an adjoining one-story data center in Irvine for around $36 mil in an off-market transaction. The property, located at 2525 Main St, west of Jamboree Rd, was sold by Main Street Office Partners LLC.
2525 Main Street is situated on 7.33 acres in near the I-405 and SR-550 Freeways in Irvine's Airport Area submarket. The property features a five-story steel-frame office tower and an adjacent state-of-the-art data center. It offers abundant onsite parking and has excellent access to Orange County's John Wayne Airport (SNA), retail, restaurant, and hotel amenities.
2525 Main Street is 85 percent leased to several high profile companies including a colocation facility operated by GrupoSMS, Advanstar Communications and the building’s newest tenant, OSI Consulting.
Joe Bevan of JLL represented the buyer in the transaction. The seller was repped by David Dowd of Cushman & Wakefield. Bevan, along with JLL’s Wade Clark and Bryce Mordoff, have been retained to handle leasing at the building. The building has immediate availability for users up to 25k sf with building-top signage and up to 6:1,000 parking available.
"2525 Main Street is appealing for occupiers for several reasons, not the least of which is the work-live opportunities in the immediate, central Irvine Business Complex location with several new multi-family residential developments and unlimited amenities within walking distance," said Bevan.
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