Riman Acquires Irvine Office Building For $13.9M

Skincare firm Riman has purchased a 33,600 sq. ft. building located at 108 Pacifica in Irvine's Spectrum district. The office building, which spans 1.55 acres, was acquired for a total sale price of $13,900,000, resulting in a price per square foot of $414. The property will serve as Riman's U.S. headquarters, as they plan to relocate from their current base in L.A. Koreatown within the next six months. The Class B offices were bought from an entity led by Cameron Merage, the founder of First Team Real Estate.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $13,900,000
• Address: 108 Pacifica, Irvine
• Market: Irvine
• Acres: 1.55

Riman was represented by Brady Kim from Redpoint Realty as their buyer's representative, while Cameron Merage of First Team Real Estate acted as the seller. The seller was further represented by Greg Endsley and John Bucher from Madison Street Partners. These key individuals and companies played a significant role in facilitating the transaction.