MicroPort to Occupy Entire 16802 Aston Building as HQ

Two flex office/R&D buildings totaling 115,388 square feet located in the Airport Area submarket of Irvine, 16800 and 16802 Aston St., recently sold for $40.23 million. The transaction was an all-cash sale. The buyer was MicroPort Scientific America Inc., a medical devices company that will open its U.S. headquarters at the newly purchased properties.

Newmark’s Jack McNutt represented the buyer. The undisclosed seller was represented by Brian Garbutt of Lee & Associates.

“This purchase will accommodate the company’s continued growth and further expand its presence in North America,” said McNutt.

Based in Shanghai, China, MicroPort Scientific Corporation has a large international operation. North American expansion is a key long-term strategy for the company. The company’s new headquarters will house multiple business units including its Miracle Point Southern California Innovation Center and Intelligent Manufacturing Base. Southern California’s medical industry cluster and strong industrial base will support the company’s accelerated product development.

MicroPort will occupy the entire 16802 Aston building at the end of March 2022 upon the current tenant’s exit of the building and the completion of its required tenant improvements. The 16800 Aston building will be used to accommodate future growth and additional business units or related subsidiaries.

16802 Aston Street is a 65,108-square-foot class-A creative office/flex building that was built in 1985 on a 2.9-acre lot.