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Alere’s Irvine Buy Adds Long-Term Value to Portfolio
Alere Property Group recently acquired 8710-8750 Research Dr., a 35,475-square-foot class-A industrial warehouse within the Irvine Spectrum submarket of Irvine. The seller was a private investor.
The building was constructed in 2005 and features include a 26-foot clear height, two dock-high loading positions and three ground-level doors in addition to 12,000 square feet of office space. The divisible building is well-suited for single- or two-tenant occupancy with visible office frontage and ample loading on both sides of the building.
The building is currently occupied by a tech equipment manufacturer for industrial machinery. The tenant is expected to continue operations as-is.
“The acquisition of 8710-8750 Research Dr. is an important addition for the diversification and long-term value of Alere’s portfolio,” said Alan Carmichael, senior vice president of investments at Alere Property Group. “8710-8750 Research Dr. is a premier flexible light industrial space in an A+ location within the Irvine Spectrum that Alere is confident will perform well for years to come.”
8710-8750 Research Dr. sits within the Irvine Spectrum 5 area of the Irvine Spectrum master plan, a 3,600-acre business community that is subject to development and maintenance requirements managed by the Irvine Company and the city.
- ◦Sale/Acquisition



