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California  + Orange County  + Office  | 

Owner-User Acquires Low-Rise Irvine Offices for $13M

CBRE arranged the $13-million sale of 17101 Armstrong in Irvine to a municipal owner-user. CBRE Investment Properties’ Anthony DeLorenzo, Sammy Cemo and Bryan Johnson, and Carter Haslam represented the seller, RGP.

“This was a great result for both parties, which provided for the seller to downsize and reduce their real estate footprint, and for the buyer the ability to occupy a strategically located asset within the Irvine Business Complex for years to come,” said DeLorenzo. “We are seeing strong demand from owner-users looking to expand their footprints into quality real estate within Orange County and Southern California.”

The two-story low-rise building is 57,301 square feet and is, surrounded by 167 parking stalls. Built in 1982, it sits on a 2.49-acre corner lot at Armstrong Avenue and Kettering Street. The property provides ready access to Interstate 405 and State Route 55.

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CBRE's DeLorenzo

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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