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NKF Completes $120M Sale of Irvine’s 2600 Michelson
Los Angeles-based CBRE Global Investors acquired 2600 Michelson, a 16-story, 311,000-square-foot office tower in Irvine, CA from Ocean West Capital Partners for $120 million. Built in 1986 with an extensive renovation that was completed last year, the 99%-occupied, Class A trophy property is situated on approximately 4.6 acres in the Greater Airport Area.
NKF Capital Markets’ Kevin Shannon, Paul Jones, Ken White, Brunson Howard and Blake Bokosky represented the seller. The buyer was self-represented.
Jones says, “2600 Michelson was a very rare opportunity to purchase an iconic Class A office tower in the center of the John Wayne Airport submarket in Irvine. The visibility from the 405 Freeway and the 360 degree unobstructed views, in addition to the tremendous upgrades and improvements from the seller, make the property a great long-term hold for new ownership at a discount to replacement cost.”
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- ◦Sale/Acquisition


