IRVINE, CA—Those who follow @GlobeStcom on Twitterand @GlobeStLIVE mayhave seen a post teasing the announcement, but GlobeSt.com haslearned that John Hancock, the US division oflife-insurance company Manulife Financial Corp.,has acquired Oracle Tower, a 12-story,272,887-square-foot, class-A office tower at17901 Von Karman Ave. within the IrvineConcourse Corporate Center here. The purchase price wasnot disclosed.
GlobeSt.com was unable to reach John Hancock before deadline todiscuss the seller's identity or the purchase price, but theproperty is listed and shown on LBA Realty'swebsite. We will update this story as more information becomesavailable.
Oracle Tower, constructed in 1985, is a LEED Gold-certifiedbuilding that was renovated in 2000 and 2010, modernizing theinterior, building systems and exterior public spaces. Its locationat Von Karman Ave. and Main St. here is adjacent to the 405 freewayand within the 3-million-square-foot Irvine Concourse, offeringaccess to an array of amenities.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
