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Newmark Brings Two Irvine Office Properties to Full Occupancy
Newmark secured nearly 90,000 square feet of new office leases, bringing 7700 Irvine Center Dr. and 111 Pacifica in Irvine to 100% occupancy. Managing directors Richard Sung and Andrew Robben serve as the exclusive leasing agents on behalf of ownership at both properties, Camphor Partners and Toda America Inc., respectively. The Newmark team reportedly represents the second largest market share of office space in the Irvine Spectrum submarket, behind only The Irvine Company.
The transactions include 23 new leases across the two properties. Notable new tenants include Crown Castle, Huntington Bank and Mad Engine at 7700 Spectrum and Reliance Standard at 111 Pacifica.
“These new leases signal positive momentum and a growing demand for well-positioned office space,” said Sung. “Our ability to secure full occupancy in these buildings reflects the quality of the assets and the resilience and adaptability of the Irvine office market. We’re seeing encouraging signs of recovery, with companies continuing to value the strategic location and amenities that Irvine offers.”
- ◦Lease
