Hines Picks Up Irvine Corporate Center

SANTA ANA, CA-The Irvine, CA, office of international real estate firm Hines and a subsidiary of a real estate fund management by Oaktree Capital Management L.P. have acquired Irvine Corporate Center, an office building within the Irvine Business Complex, for a price undisclosed to GlobeSt.com.  The purchase from Sunamerica Life Insurance Co. is a 126,622-square-foot building at 1821 E. Dyer Rd., southeast of the 55 Freeway near John Wayne Airport.

The property features a two-story, glass façade entryway and lobby with large flexible floorplates and 9-ft. ceilings throughout. Due to the flexibility of the building, the property can accommodate office, laboratory and manufacturing tenants ranging from 15,000 to 126,000 square feet.