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IRVINE, CA-Legacy Partners Commercial has acquired the 206,451-sf Alton Corporate Plaza office project and the 74,094-sf Von Karman Corporate Plaza office development from Adler Realty Investments of Woodland Hills for $46 million, according to Lee & Associates.

Alton Corporate Plaza, a 206,451-sf, two-building project, is located at 1733 and 1833 Alton Parkway and is 100% leased to Encore Credit Corp. Von Karman Corporate Plaza, a 74,094-sf building, is located at 18551 Von Karman Ave. and at the time of the sale was 67% leased to three tenants, including LandAmerica Title, Reynolds and Reynolds and RGL Insurance. Since the sale, telecommunications equipment vendor Aktino has signed a lease for 14,500 sf of the building in a transaction brokered by Lee & Associates, bringing the building occupancy up to 87%.The 1733 Alton building was built in 1984 and is a two-story, concrete tilt-up and steel structure. The 1833 Alton building was built in 1987 and is a two-story steel frame structure. The Von Karman property is a single, two-story building of steel and wood that was completed in 1985.Mike Meisenbach, Brian Garbutt and Matt Moore of the Newport Beach office of Lee & Associates brokered the sale on behalf of Adler, with Legacy representing itself.

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