IRVINE, CA—The 38,476-square-foot lease that Alphaeon Corp. recently signed at 18191 Von Karman Ave. at Lakeshore Towers II here is expected bring approximately 150 jobs to Orange County. Alphaeon, a wholly owned subsidiary of Strathspey Crown Holdings LLC, plans to occupy the space beginning in June.
As GlobeSt.com reported in February, a recent Orange County employment overview by Jones Lang LaSalle showed continuous improvement of the county’s overall employment, allowing it to still outperform the US economy in job growth. The region’s unemployment rate dropped from 5.6% last month to 5.2%, considerably lower than the peak of 9.9% to 10% seen during the height of the recession.
In addition, as GlobeSt.com reported earlier this week, Jeff Ingham, SVP, and Bryce Mordoff, senior research analyst, for JLL, told GlobeSt.com that the Orange County office market is returning to more normal leasing activity after an unusual spate of leasing.
Chon Kantikovit and Russell Watts of Cushman & Wakefield represented Alphaeon, a leader in lifestyle healthcare, while the firm’s Rick Kaplan, Greg Brown and Robert Lambert represented the landlord, Lakeshore Towers Limited Partnership Phase IV, and asset manager Sentre Partners in the transaction.
According to Kantikovit, “Alphaeon executives chose to house the company’s headquarters in Orange County because of the deep employee talent pool that is available. There is a mature science, technology and medical community in Orange County, which will provide Alphaeon the opportunity to recruit and hire some of the best talent in the field. After looking at several space options, Lakeshore Towers proved to be the best fit for Alphaeon’s strategic operational and geographic objectives.”
Lakeshore Towers is one of the premier office parks in the Airport Area. It is centrally located within the Irvine Business Complex adjacent to the 405 freeway and within the proximity of I-5 and SR-55. It features three class-A office towers with an array of on-site amenities.
“Now that the lease has been signed, the project has no additional floors available, which is indicative of the improving economy and accelerating leasing activity in Orange County,” says Lambert.
Matt Spathas, managing principal of Sentre, which manages Lakeshore Towers, adds, “We are excited to have a firm at the forefront of this burgeoning industry select Lakeshore Towers.”