Locally based SpieziaCorp., which negotiated the bank's original lease and equity deal as well as the purchase of an 85,000-sf operations center in nearby Santa Ana, began considering build-to-suit opportunities last year. However, it ultimately decided to stay put in the Irvine Concourse asset, consolidating a regional office for commercial lending and retail banking in the process.

The lease, which is believed to be the largest Orange County deal in terms of total dollar value, averages out to $31.57 per sf.

John Weiner of CB Richard Ellis, leasing agent and manager of the building, represented the Ohio Teacher's Retirement System, owner of 2030 Main St. since 1998.

The 2.3-million-sf Irvine Concourse mixed-used project includes the Embassy Suites and Crowne Plaza, Sports Club/Irvine as well as office assets owned by Equity Office Properties Trust, Opus Southwest and LBA.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.