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IRVINE, CA-The Koll Co. has unveiled plans for its Koll CenterIrvine III, a 188,000-sf, $57-million R&D development by theNewport Beach-based company that will feature 56 for-sale unitsranging from 1,100 sf to 6,951 sf. Koll will develop the projectadjacent to the I-5 Freeway on a 12-acre site at Bake Parkway andResearch Drive that the company bought last year from the IrvineCo.

Koll is developing this latest project after two similarprevious projects nearby showed "a strong demand for this type ofhigh-quality, smaller office/R&D product in Irvine Spectrum,"notes Alan Airth, a managing principal for the Koll Co. Airth, whohas been responsible for the development of all three centers, saysthat the 11 buildings in this latest project will be of one and twostories, with a standard mix of 50% improved office space and 50%warehouse space that in many cases can be fully improved.