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3/09/26
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In a recent OC office buy, West Capital Lending acquired 17911 Von Karman Ave, a premier 104.4k sf, five-story Class A office building located in the Irvine Concourse submarket of Irvine. The asset traded for $23.75 mil, or $227/sf.
West Capital Lending, a leading mortgage brokerage and direct lending company specializing in residential mortgage loans, will occupy approximately half of the building, with a presence on the third, fourth and fifth floors, to establish a significant corporate headquarters presence. Two additional tenants continue to occupy the first and second floors.
Strategically positioned in the award-winning Irvine Concourse, the building offers immediate access to the San Diego (I-405) Freeway, proximity to John Wayne Airport and a wealth of nearby amenities including restaurants, retail, hotels, fitness centers and more. The Irvine Concourse is renowned as one of Orange County's premier business districts, providing connectivity and a high-quality corporate environment.
Newmark Executive Managing Directors Jay Nugent and Scott Read represented the buyer in the transaction. The seller was John Hancock Life Insurance, which had owned the building since 2016.
“17911 Von Karman presented us with the opportunity to acquire a Class A office building in the heart of the Orange County Airport market. This building will allow our company to continue to grow while providing our employees with a first-class working environment surrounded by a robust amenity base,” said Eric Hines, Co-Founder, West Capital Lending. “We could not be more excited to move our headquarters to the Irvine Concourse submarket.”
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