IRVINE, CA—GlobeSt.com has learnedexclusively that global medical-device manufacturerMasimo Corp. haspurchased a 213,430-square-foot officebuilding at 52Discovery here fromNikken Inc. for $56million. The sale is being hailed as the largest owner-usertransaction in Orange County in recent memory.
Kurt Bruggeman, SVP, and JayMast, VP, with Lee & AssociatesIrvine, represented the seller, which has owned thebuilding since constructing it in 1998. OliverTernate and Mark Zuvich of ZuvichCorporate Advisors represented Masimo. The transaction wasthe result of an off-market listing and was all cash.
52 Discovery, one of Orange County's high-profile officebuildings, was used as a filming location for several feature filmsincluding “Dodgeball,” “Ironman” and “Elizabeth Town” as well asmany TV commercials, according to Lee & Associates. Masimoplans to remodel and occupy the property as itscorporate headquarters.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
