ORANGE COUNTY, CA-Cornerstone Real Estate Advisers has agreed to buy The Atrium, one of Irvine’s trophy office buildings, for $60 million from the development’s Japanese owner.

The 289,000-sf twin towers, sheathed in polished green slate, stand at the corner of Von Karman and Martin avenues in the county’s pricey John Wayne Airport submarket. The 14-year-old building is almost fully leased.

The seller is Tokyo’s Hyogo Atrium Inc. Hyogo chose Cornerstone’s bid over more than a dozen competing offers, says Bob Smith, the broker and senior vice president in the Newport Beach office of CB Richard Ellis who helped to negotiate the sale.

Cornerstone is a large pension fund advisor based in Hartford, CT.

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

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.