Thursday, January 7, 2016

American Realty Advisors Sells Office Center in Orange County, CA

18201 Von Karman, Irvine, CA

David Hubbs
Orange County, CA, Jan. 7, 2016 – American Realty Advisors announced the sale of 18201 Von Karman, a 229,000 square-foot, 11-story Class A office building located in Irvine, California.

According to David Hubbs, Senior Portfolio Manager at American, 18201 Von Karman has all of the characteristics that institutional buyers of core product are seeking, including a great location, high occupancy, recently renovated common areas inside and out, amenities within walking distance, and strong curb appeal.

“The property offers the new buyer access to a high-quality asset in the highly sought after Airport submarket,” says Hubbs. “We achieved success with this property, and we believed it was time to sell into a market characterized by strong investor demand.”

The property is located within Orange County’s premier Greater Airport Area Submarket, an area which features tenants in the technology, engineering, media, entertainment, financial services and creative office fields. 

The buyer is New York Life Real Estate Investors, a subsidiary of New York Life Insurance Company. The property was marketed by Ryan Gallagher and Mike McCann of Holiday, Fenoglio, Fowler.

For a complete copy of the company's news release, please contact:

Lexi Astfalk / Jenn Quader
Brower, Miller & Cole
(949) 955-7940

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