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IRVINE, CA-Pacific Life & Annuity Co., a division of Pacific Life Insurance Co., has announced that it will move its Group Insurance Division for Southern California operations to Irvine in 2002.

The company has inked a 10-year lease to occupy a five-story building in Irvine’s Main Corporate Center. The building, which will encompass 135,000 sf, is being built by Layton-Belling & Associates. The facility will rise near the corner of Main Street and Von Karmen Avenue.

Approximately 450 employees from the company’s Fountain Valley and Huntington Beach offices are expected to move to the new site, according to John Soller, a company spokesperson. “The move is expected to occur at the end of 2002,” he adds.

The Pacific Life family of companies manages more than $335 billion in assets. Founded in 1868, Pacific Life Insurance Co. provides life and health insurance products, individual annuities and group employees benefits.

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