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Avison Young Negotiates 24K-SF Lease at Irvine Spectrum

Avison Young Negotiates 24K-SF Lease at Irvine Spectrum

Avison Young has successfully represented Acra Lending in a full-floor, 24,360-square-foot office lease at the 3 Ada building at Irvine Spectrum’s Lakeview Business Center in Irvine, CA. Acra Lending focuses on tailor-made non-QM mortgage products, and will be consolidating four local offices into the second floor space of 3 Ada by Spring of 2023.

Avison Young’s Oliver Fleener out of the Irvine office, represented the tenant and Jeff Shaw represented the owner, Irvine Company.

“My client considered many options in the area, including renewing, but Irvine Company offered the most efficient layout, with a custom build-out at the best price. It checked all the boxes for us,” said Fleener in a news release.

Fleener has been working with Acra Lending for a over a decade, including out-of-state locations. With the new tenant’s multi-year lease, 3 Ada is now back to 100% occupancy.

Photo courtesy of Irvine Company

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Avison Young's Oliver FleenerAcra LendingIrvine Company

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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