Skyline Group International Acquires Office Property In Irvine From LBA Realty For $159M

The property asset involved in this transaction is an office located at 1, 3 & 5 Glen Bell Way in Irvine. The property spans approximately 273,180 square feet and was sold for a total price of $159,000,000, resulting in a price per square foot of $582. The transaction took place on September 1, 2021.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $159,000,000
• Address: 1, 3 & 5 Glen Bell Way, Irvine
• Market: Irvine

The buyer in this transaction is Skyline Group International, represented by Alex Foshay from Newmark. The seller of the property is LBA Realty. The buyer's representative is Alex Foshay, while the seller's representatives are Kevin Shannon, Paul Jones, Ken White, Brunson Howard, and Brandon White, all from Newmark.