TGS Management LLC Acquires 42.1 Acres Of Land In Irvine For $240M

An approximately 42.1-acre land located on Barranca Parkway in Irvine has been sold for a staggering price of $240,000,000. The sale was finalized on January 30, 2023, and the transaction was facilitated by CBRE, the brokerage handling the deal.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $240,000,000
• Address: Barranca Parkway
• Market: Irvine
• acreage: 42.1 acres

The buyer of this land was TGS Management LLC, represented by Fred Taylor. On the other hand, the seller was Five Point Holdings LLC, represented by Dan Hedigan.