Irvine Crossing Serves Two Critical Industries – E-commerce and Data

A fund sponsored by CBRE Global Investors recently acquired a 395,673-square-foot mixed-use logistics asset in Orange County. Irvine Crossing is a fully leased property that is comprised of a powered shell data center and a last-mile distribution facility.

Located at 17836 Gillette Ave. in Irvine, the data center comprises 193,173 square feet with 10 megawatts of critical power and is leased to one of the largest data center operators in the world. The 202,500-square-foot logistics warehouse at 17871 Von Karman Ave. serves as a last-mile facility for a large e-commerce company.

“We believe that Irvine Crossing is an incredibly unique asset in that it functions as a space for two critical industries – e-commerce and data centers,” said Larissa Belova, senior director and deputy portfolio manager for CBRE Global Investors. “The Southern California data center market has seen tremendous growth recently and Irvine Crossing is one of the few Tier-3 certified data centers located in the Greater Southern California market. As a last-mile facility, the asset also benefits from its location in Orange County, which is the sixth most populous county in the United States, with 585,000 people living within a 5-mile radius of the property.” Irvine Crossing is situated within the Irvine Business Center submarket. The property is strategically located near the I-405/SR-55 interchange, which provides access to more than half a million consumers and the beach communities of Newport Beach, Corona del Mar and Laguna Beach.