Stream Realty Partners’ Irvine office has recently closed 14 transactions valued at $7 million. These lease and sublease deals range from 1,100 to 9,054 square feet for a total of 51,160 square feet. Six of the transactions involve companies that are new to Orange County.
Jarret Stinger, an associate with Stream Southern California’s investment sales division said the deals included: representing Endurant Energy in three transactions (an industrial warehouse in Inland Empire; San Jose; and Irvine for their new headquarters office); representing the owner of 32 Mauchly in Irvine with Eurofins as tenant ($11.6-billion company) now available for sale as leased investment (Stinger is broker); helping a regionally renowned chiropractor relocate to a facility with an ocean view in San Clemente; completing four deals assisting local trades expand operations within Orange County (two HVAC professionals plus electrician/plumber); representing multi-city medical group purchasing fully leased medical facility; and helping large local nonprofit relocate to more suitable submarket.
Many tenants are seeking shorter terms than usual – one or two year leases instead of three-to five year agreements that owners/landlords typically prefer – according Stinger who added “Tenants are seeking and receiving one or two year leases rather than the three-to fiveyear deals that owners and landlords are typically used to.”
Lincoln Park Apartments Sold for $55 Million
Jonathan Rose Companies has recently completed the purchase of a Chicago apartment building for $55 million. The New York City-based
Steve Griffin
November 13, 2024
