MP Biomedicals LLC Acquires Property At 6 Thomas Irvine For $11 Million With Seller's Rep Chip Wright

The property involved in this transaction is a life sciences facility located at 6 Thomas, Irvine, CA, within the Irvine Spectrum Center neighborhood. The building was sold for $11,000,000 and spans 28,835 square feet situated on approximately 1.5 acres. Originally a light manufacturing property, it was converted to a lab in 2005. The previous tenants included Eagle Pharmaceuticals, Enevate Corp., BIT Group, and Planet Innovation.

Summary of transaction details:

• Property Type: Life Sciences Facility
• Transaction Amount: $11,000,000
• Address: 6 Thomas, Irvine, CA, 92618
• Market: Irvine
• Square Footage: 28,835
• Seller's Representatives: Chip Wright, Ross Bourne - CBRE
• Buyer: MP Biomedicals LLC

In this transaction, Chip Wright and Ross Bourne of CBRE represented the undisclosed seller. The deal reflects a strategic acquisition by MP Biomedicals LLC, a company prominent in the life sciences sector.