Dental lab owner James R. Glidewell acquired the property in atransaction brokered by the Meisenbach Collins Group, withMeisenbach and John Collins representing the seller and Glidewellrepresenting himself. Terms of the transaction were not disclosed,but Real Capital Analytics pegs the sales price at $21.5million.

Occupancy at the property, which is at 18551 Von Karman Ave.,had been higher until tenant LandAmerica Title moved out. Theoffice development is situated on a four-acre site that is "locatedin a prime area for redevelopment," Meisenbach says.

Meisenbach notes that the property is situated adjacent to "morethan 100 acres of high-rise projects being built by some of OrangeCounty's biggest developers." He adds that the Von Karman propertyis located on one of the most desirable streets in the airportsubmarket, with 360 feet of street frontage and convenient accessto the 405 Freeway.