CBRE Global Investors Acquires Mixed-Use Property In Irvine For $180.8M

The mixed-use property located at 3720-3996 Barranca Pkwy was recently sold in Irvine. The transaction took place on June 17, 2021. The property, spanning a total area of 393,673 square feet, was sold for a price of $180,800,000, resulting in a price per square foot of $456. The buyer of the property was CBRE Global Investors, while Menlo Equities acted as the seller.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $180,800,000
• Square Footage: 393,673
• Price per Square Foot: $456
• Date of Transaction: June 17, 2021
• Market: Irvine
• Buyer: CBRE Global Investors
• Seller: Menlo Equities

The sale of this mixed-use property in Irvine involved CBRE Global Investors as the buyer and Menlo Equities as the seller. The transaction was finalized on June 17, 2021, with a sale price of $180,800,000 and a total area of 393,673 square feet. This successful deal showcases the activity and growth in the real estate market of Irvine.