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IRVINE, CALIF. — J & R Main Street LLC has purchased a 143,695-square-foot office building and an adjoining data center in Irvine for $36 million. The property is located at 2525 Main Street. It is situated near the 405 and 550 freeways in the Airport Area submarket.
The building is 85 percent leased to tenants like Advanstar Communications, OSI Consulting and a colocation facility operated by GrupoSMS.
The LLC was represented by JLL’s Joe Bevan. The seller, Main Street Office Partners LLC, was represented by David Dowd of Cushman & Wakefield. Bevan will handle the building’s leasing, along with JLL’s Wade Clark and Bryce Mordoff. The firm’s property management team will also manage the building.