Michael Props Of CBRE Represents Tenant In 114781 SF Irvine Office Lease Deal

The leased property at 17600 Laguna Canyon Rd in Irvine, CA is an office asset spanning 114,781 square feet. Situated in Irvine, the space was leased by CoStar Group to be occupied in late 2021. Spectrum Terrace, where the building is located, offers 33 acres of outdoor space and features ground-floor sliding doors, private patios, and high-efficiency MERV 13 air filtration.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not provided
• Tenant's Rep: Michael Props (CBRE)
• Landlord: Irvine Company Office Properties

Michael Props of Savills represented CoStar Group in the lease deal at Spectrum Terrace. The decision of CoStar Group to relocate to this workplace community underscores its appeal as one of Southern California's premier commercial spaces. Tom Greubel, the vice president of leasing at Irvine Company Office Properties, highlighted the workplace wellness integrated into the design of Spectrum Terrace, ensuring a healthy work environment and peace of mind for tenants.