IRVINE, CA. (Sept. 10, 2012) Colliers International, the third largest global real estate services organization, has completed the $5 million sale a 24,000-square-foot office property located at 2501 Alton Parkway in Irvine, Calif.
Steve Schloemer, senior vice president of Colliers International, represented the seller, SKB Enterprises from Irvine, Calif. The buyer was EQR Residential, an apartment developer from Chicago, who was represented by Larry Schuler from CBRE.
Built in 1980 and situated on 1.9 acres, the buyer plans to demolish the property and develop an apartment project. EQR previously purchased an adjacent site and is processing entitlements for multifamily development. 2501 Alton is expected to be the second phase of the development.
Contact:
Darcie Giacchetto
Spaulding Thompson & Associates
949.278.6224
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