Property Types Office
Orange County Office Complex Commands $80M
July 1, 2008
By: Barbra Murray, Contributing Editor

Dupont Centre, an approximately 250,900-square-foot two-building office property in Irvine, Calif., has just come under new ownership now that KBS Realty Advisors has snapped up the Class A complex for $80.1 million.

Located in the John Wayne Orange County Airport submarket just blocks from the runway, Dupont Centre encompasses an eight-story structure at 2201 Dupont Dr. consisting of approximately 152,700 square feet and, and a five-story building at 2301 Dupont Dr. featuring 98,200 square feet. The 22-year-old complex is presently 89 percent leased by a roster of tenants that includes EMC Corp., CBIZ Accounting & Tax and Parsons Transportation.

KBS relied on internal representation in the transaction, while the buyer turned to Eastdil Secured Capital.

Headquartered in Newport Beach, Calif., KBS Realty Advisors is a 16-year-old private equity real estate company. The firm and its affiliate KBS Capital Advisors, invest in, manage and sell premier U.S. commercial real estate properties on behalf of institutional, corporate and private investors. KBS has closed a total of $14.5 billion in transactions through 27 accounts, commingled funds and private equity REITs.

 
Recent Office Headlines
AIG 70 pine st smal AIG Headquarters Sale Makes Splash in Quiet Manhattan Investment Market
June 10, 2009
With rumors circulating of a sale price around $100 per square foot, the sale of the 66-story American International Group headquarters in Lower Manhattan likely set the bar for the biggest sale in the area market thus far in 2009.
Despite Office Market Slump, 1M-SF Connecticut Office Campus Trades in $72M Deal
June 09, 2009
It's an office trade of such a size that has not been seen in Connecticut, no less challenged by job losses and economic malaise than most other markets, in quite a while. Matrix Connecticut L.L.C. has just taken over ownership of the 1 million-square-foot Danbury Corporate Center in Danbury, Conn., from GERA Danbury L.L.C. in a $72.4 million merger transaction. The deal is a coup for Connecticut, as well as its neighbors, as it marks the largest multi-tenant office transaction in the suburban New York Tri-State area so far this year.
Tokyo is Priciest Market as Climate Favors Office Tenants Worldwide: CBRE
June 08, 2009
Tenants have the edge in most of the world’s major office markets, concludes an analysis by CB Richard Ellis Inc. Class A rents are sliding dramatically and vacancy is ticking upwards in nearly every region, according to the study published last week.
 
Select Coverage By City:

?CPN Executive Outlook? A roundtable discussion on market strategies with John C. Cushman III, Chairman of Cushman & Wakefield, Inc., Gordon DuGan, President and CEO of W. P. Carey & Co., and Mark Rauenhorst, Chairman and CEO of Opus Group.; CPN; Cushman & Wakefield; Gordon DuGan; John C. Cushman III; Mark Rauenhorst; Opus Group; W. P. Carey & Co.; Eugene Gilligan, Senior Editor for Commercial Property News interviews Bob Bach, National Director, Market Analysis Grubb & Ellis Company at Multi Housing World.; Bob Bach; Commercial Property News; Eugene Gilligan; MHN; Multi housing news; multi housing world; hompage