The building, situated in the Irvine Spectrum at 10-12 Whatney, includes 30,000 sf of office space and 142,000 sf of warehouse space. Tilly's CEO Hezy Shaked acquired the building through Shaked Holdings LLC for $12.7 million, and Tilly's has signed a 15-year lease for the property. The firm plans to occupy most of the 172,324-sf industrial building by the third quarter.
The new facility is considerably larger than the garment retailer's former Irvine headquarters, according to Shaked, who says the company will consolidate its corporate offices and a satellite warehouse into this one location.
Trent Walker and John Griffin of Voit Commercial Brokerage's Irvine office represented the seller, Northwestern Mutual Life. Greg Haley and Chip Wright of CB Richard Ellis Inc. represented the buyer.
Tilly's specializes in surf, skate and casual clothing for teens and young adults. The retailer operates 24 stores in Southern California and plans to open six to eight more in the upcoming year.
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