CSU FULLERTON BUYS BANTING CORPORATE CENTER IN IRVINE FOR $30.5M

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IRVINE, CALIF. — California State University, Fullerton (CSUF) has purchased Banting Corporate Center in Irvine for $30.5 million. The two-building center is located at 1 and 3 Banting. It contains a total of 140,000 square feet on 12.35 acres. CSUF signed a seven-year lease for 70,000 square feet at the center in 2010. The university plans to eventually occupy the entire property as other leases expire. This will allow CSUF to double the size of its Irvine campus branch. CSUF’s Auxiliary Services Corporation was represented by CBRE’s Peter Andrichand Gregg Haly.

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