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Boot Barn Holdings Expands HQ In Irvine With 116,000 SF Lease At Spectrum Terrace, Laguna Canyon Road

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LEASED

California

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Office116,000 SF
Leased 09/28/2023
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LEASED

Boot Barn Holdings Expands HQ In Irvine With 116,000 SF Lease At Spectrum Terrace, Laguna Canyon Road

17100 Laguna Canyon Road

See Similar Deals
Office116,000 SF
Leased 09/28/2023
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:116,000 SF
Transaction Type:Lease

The western-wear and workwear retailer, Boot Barn Holdings, is relocating its headquarters to a larger 116,000-square-foot space in Irvine at Spectrum Terrace on Laguna Canyon Road. This new office space represents a 37% increase in size compared to the company's current location. The property, owned by Irvine Company and represented by Donald Bren, offers access to various amenities, including a resort-style pool, food hall, and fitness center.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Square Footage: 116,000 SF
  • Address: 17100 Laguna Canyon Road, Irvine
  • Market: Irvine

Boot Barn Holdings' decision to move to a larger office space comes as the company has experienced substantial growth. With annual net sales surpassing $1.7 billion this fiscal year, the expansion reflects their need for more space to accommodate their expanding business operations. This move allows Boot Barn Holdings, represented by Jim Conroy, to establish its headquarters in a prime location in Irvine, providing convenient access to the amenities offered at Spectrum Terrace.

Details

LEASED
IMAGE: Jim Conroy & Donald Bren DATE: 09/28/2023 ADDRESS: 17100 Laguna Canyon Road MARKET: Irvine ASSET TYPE: Office ~ SF: 116,000 LANDLORD: Irvine Company (@WorkatIrvineCompany) - Donald Bren (@DonaldBren4) TENANT: Boot Barn Holdings - Jim Conroy (@Jim_Conroy_3) NOTE: Boot Barn Holdings, a western-wear and workwear retailer, is moving its headquarters to a larger 116,000-square-foot space in Irvine at Spectrum Terrace on Laguna Canyon Road, a 37% increase in size compared to its current location. This expansion comes after substantial growth, with annual net sales reaching $1.7 billion this fiscal year, and offers access to amenities such as a resort-style pool, food hall, and fitness center.

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Deal Type
Effective Rent (Annual)

$6,649,050.00

Total Lease Value

$66,490,500.01

Net Landlord Cash Flow$6,649,050.00