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| 18201 Von Karman, Irvine, CA |
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| 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:
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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