Regions West | Orange County
July 1, 2008
By: Barbra Murray, Contributing Editor
Dupont Centre, an approximately 250,900-square-foot two-building office property in Irvine, Calif., has just come under new ownership now that KBS Realty Advisors has snapped up the Class A complex for $80.1 million.
Located in the John Wayne Orange County Airport submarket just blocks from the runway, Dupont Centre encompasses an eight-story structure at 2201 Dupont Dr. consisting of approximately 152,700 square feet and, and a five-story building at 2301 Dupont Dr. featuring 98,200 square feet. The 22-year-old complex is presently 89 percent leased by a roster of tenants that includes EMC Corp., CBIZ Accounting & Tax and Parsons Transportation.
KBS relied on internal representation in the transaction, while the buyer turned to Eastdil Secured Capital.
Headquartered in Newport Beach, Calif., KBS Realty Advisors is a 16-year-old private equity real estate company. The firm and its affiliate KBS Capital Advisors, invest in, manage and sell premier U.S. commercial real estate properties on behalf of institutional, corporate and private investors. KBS has closed a total of $14.5 billion in transactions through 27 accounts, commingled funds and private equity REITs.
By: Barbra Murray, Contributing Editor
Dupont Centre, an approximately 250,900-square-foot two-building office property in Irvine, Calif., has just come under new ownership now that KBS Realty Advisors has snapped up the Class A complex for $80.1 million.
Located in the John Wayne Orange County Airport submarket just blocks from the runway, Dupont Centre encompasses an eight-story structure at 2201 Dupont Dr. consisting of approximately 152,700 square feet and, and a five-story building at 2301 Dupont Dr. featuring 98,200 square feet. The 22-year-old complex is presently 89 percent leased by a roster of tenants that includes EMC Corp., CBIZ Accounting & Tax and Parsons Transportation.
KBS relied on internal representation in the transaction, while the buyer turned to Eastdil Secured Capital.
Headquartered in Newport Beach, Calif., KBS Realty Advisors is a 16-year-old private equity real estate company. The firm and its affiliate KBS Capital Advisors, invest in, manage and sell premier U.S. commercial real estate properties on behalf of institutional, corporate and private investors. KBS has closed a total of $14.5 billion in transactions through 27 accounts, commingled funds and private equity REITs.
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