Thank you for sharing!

Your article was successfully shared with the contacts you provided.

IRVINE, CA-An Irvine-based engineering firm, Image Holdings Inc., has acquired a 2.36-acre parcel in the Irvine Spectrum and intends to build a corporate headquarters facility on the site.

A 36,000-sf building is planned for the lot, which has been purchased for $2.5 million. Completion of the facility is slated for May 2002.

Irvine Spectrum tenant International Rectifier intends to occupy 20,000 sf of the new building, which will be bordered by Irvine Center Drive, Hubble Avenue and Bunsen Avenue. The company will move from its current site in the Spectrum.

Image Holdings Inc. was represented by Ted Rommel and Mark Jerue of Lee & Associates’ Irvine office. Stan Mullin and Jim Cunningham of Grubb & Ellis negotiated for the seller, the Irvine Co.

An abundance of new office product is expected to flood the market in upcoming months, as nearly 2.5 million sf of office space was under construction in the second quarter of 2001, according to a recent report published by Voit Commercial Brokerage.

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?


Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.