IRVINE, CALIF. – A joint venture between Cigna Corporation and Greenlaw Partners has purchased a 226,055-square-foot, Class A office building in Irvine for an undisclosed sum. The 11-story building is located at 18301 Von Karman Ave. in the Airport Area market. It is part of Koll Center Irvine, and is anchored by Golden State Foods.
The buyer was CGGL 18301, LLC. The seller, WW VKO Owner, LLC, was a joint venture between Westbrook Partners, Walton Street Capital and Greenlaw Partners. It was represented by Jeffrey Cole and Ed Hernandez from Cushman & Wakefield’s Irvine office.
Cole and Hernandez were also involved in another recent Orange County office sale. The duo, along with Rick Ingwers, Brad Rogers, Roger Gage and Michael McMillan, represented Pacific Bell Telephone Company in the sale of a 191,647-square-foot office property in Anaheim. The Class A building was sold to The PRES Companies for an undisclosed sum. Pacific Bell Telephone Company is a wholly owned subsidiary of AT&T, Inc.