CBRE Arranges Full-Building Industrial Lease in Irvine

CBRE completed a full-building lease for 136,612 square feet to an undisclosed tenant at Irvine Commerce Center, a Class A industrial building located at 18582 Teller Ave. in Irvine. EVPs Ross Bourne and Ross Fippinger and senior associate Joe Czech represented the owner, an Ares Real Estate fund. Marq Logistics, which represents Ares’ vertically integrated global logistics real estate platform, developed Irvine Commerce Center and manages the property.

The building includes 13,275 square feet of high-end office space with upgraded finishes, along with modern industrial features designed to accommodate a range of distribution and light manufacturing uses. Located along Jamboree Road in Irvine’s Airport Area submarket, the property provides immediate access to the Interstate 405 freeway and is near Newport Beach. The surrounding Irvine Business Complex offers a wide range of walkable amenities.

“We continue to see sustained demand for high-quality industrial space across Orange County,” said Bourne. “The deal highlights the resiliency of the Airport Area industrial market.”

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CBRE's Bourne

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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