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News release

​IRVINE, CA

Greenlaw Partners Sells Class A Office Building in Orange County's Airport Area

JLL completes sale of 2951 and 2955 SE Main Street for $11 million


​IRVINE, CALIF., July 16, 2015 - JLL announced today that it has completed the sale of a 33,848-square-foot Class A office building located at 2951 and 2955 SE Main Street in Irvine, California for $11 million.

JLL Orange County's Steve Economos and Geoff DeWolf represented the seller in the transaction. The buyer, a private investor, was represented by Ling You of Telligent Group.

"Orange County's airport office market continues to receive strong investor interest due to strong fundamentals and minimal speculative construction," said Economos.  "The buyer was in a tax-deferred exchange and was attracted to this property’s central location."

DeWolf went on to say that "sale prices keep rising in the Orange County and Inland Empire office markets."

Located near John Wayne Airport, 2951 and 2955 SE Main Street is conveniently situated adjacent to the 405 Freeway, providing immediate access to neighboring communities.  The Class A building features elevator-service, high-quality construction, covered parking, first-class interior improvements, and a short walk to numerous hotels and restaurants.  With prominent street frontage and an extensive glass line, the property is 100 percent leased to three tenants, including the headquarters of RD Olson Construction.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014.