LCBC Development Acquires 107028 Square Foot Office Campus In Irvine From New York Life Real Estate Investors For $32M

New York Life Real Estate Investors sold Centerstone Plaza, an office campus located at 4000, 4010 & 4040 Barranca Parkway in Irvine. The property encompasses 6.8 acres and includes a total square footage of 107,028. The sale price was $32 million, resulting in a price per square foot of $299.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $32,000,000
• Buyer: LCBC Development
• Seller: New York Life Real Estate Investors
• Brokers: Michael Leggett, Will Poulsen & Tim Donald - JLL
• Location: 4000, 4010 & 4040 Barranca Parkway, Irvine
• Market: Irvine
• Acres: 6.8
• Square Footage: 107,028
• Price per Square Foot: $299

LCBC Development acquired the strategically positioned suburban office asset near the San Diego Freeway and John Wayne Airport. The brokers representing the transaction were Michael Leggett, Will Poulsen, and Tim Donald from JLL.