Unique 143,269 SF office property acquired by locally based Pacific Tree Capital
IRVINE, Calif. – February 24, 2025 – Cushman & Wakefield announced the firm has represented J+R Group in the sale of 2525 Main Street, a 143,269-square-foot office property on ±3.73 acres in Irvine, California. The Orange County Airport Area property was nearly 98% leased to nine tenants upon buyer selection. The property sold for $37.6 million to Pacific Tree Capital, an Orange County based private family.
The property’s sales price of ±$262 per square foot places it among the highest price/sf achieved for a multi-tenant office building of over $20 million countywide post-pandemic, according to Cushman & Wakefield tracking.
Prior to the sale, J+R Group had meticulously invested significant capital into all aspects of the project, including all common areas, tenant spaces, a brand new six-story parking garage, and approved residential entitlements on excess land.
Cushman & Wakefield’s Jeffrey Cole, Nico Napolitano, Kevin Nolen, Jason Kimmel, and Kristen Schottmiller with the firm’s Southern California offices represented the seller in the transaction.
“This transaction is proof that a well thought out modern repositioned office asset can attract discerning tenants in a challenging office market. The exceptional common areas focused on tenant amenities along with the future use optionality on the flex portion of the site make for a rare and very attractive investment opportunity in the premier submarket of Orange County,” said Jeffrey Cole, Executive Vice Chairman.
“We witnessed extremely high buyer demand, primarily from the foreign and private high-net-worth buyer type, and benefitted from a competitive process,” added Nico Napolitano, Senior Director.
2525 Main St is strategically and conveniently located in the heart of the Irvine Airport Area, the main corridor adjacent to the 405 Freeway and John Wayne Airport, offering quick access and an abundance of amenities for employees and residents, alike.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.
