SHORENSTEIN PROPERTIES ACQUIRES 607,056-SF OFFICE COMPLEX

IRVINE, CALIF. — Shorenstein Properties LLC, on the behalf of Shorenstein Realty Investors Nine LP, has acquired Main Plaza, a 607,056-square-foot Class A office complex located near John Wayne Airport in Irvine. Built in 1988, the complex consists of twin 12-story office towers, two restaurants and a six-level parking structure. At the time of acquisition, the property was 70 percent occupied with tenants such as Lawyers Title Insurance, Balboa Capital Corp., Greenberg Farrow and Stewart Title Co. Eastdil Secured represented the seller, Los Angeles-based Maguire Properties, in the transaction. The transaction price was not disclosed.