Author Topic: TIC has signed major leases  (Read 1779 times)

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Offline SoCal

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TIC has signed major leases
« on: February 15, 2010, 01:17:00 PM »
Irvine Company Announces Major Leases Totaling More Than 115,000 Square Feet

"The Irvine Company announced today [2/10/10] that it has signed major leases totaling more than 115,000 square feet with two well-known and highly respected companies: Financial services giant JPMorgan Chase & Co. (NYSE: JPM), and real estate investment company Steadfast Investment Properties, Inc.

The new agreements further build on impressive leasing momentum that continues from 2009: In December, Irvine Company Office Properties signed leases totaling 1 million square feet ? its second-highest monthly leasing total ever. And 2009 was one of the most successful years in the company's history, with leases signed for more than 6.7 million square feet of office space.

JPMorgan Chase, one of the world's most successful and respected financial services firms, has signed a seven-year lease in Jamboree Center in Irvine for its regional banking headquarters. The venerable firm will occupy 70,000 square feet on three floors at 3 Park Plaza, a 20-story high-rise office tower in Irvine Company's Jamboree Center, one of Southern California's most prestigious business addresses.

Completed in 1991, Jamboree Center features five elegant, travertine-clad office towers totaling 1.6 million square feet next to the San Diego (I-405) Freeway. Extensive landscaping and open space create a park-like atmosphere at the center, which is just minutes from John Wayne Airport. Approximately 350 JPMorgan Chase employees will be based at Jamboree Center.

Steadfast Investment Properties, Inc. has signed a 10-year lease for two suites totaling more than 45,000 square feet at Irvine Towers, located at 18100 Von Karman Ave. Founded in 1994, Steadfast is a fully integrated company with four major operating divisions ? Residential Properties, Commercial Properties, Business Properties and Resort Properties ? that control, operate and manage approximately $1.8 billion in assets..."
« Last Edit: February 15, 2010, 01:21:00 PM by Anonymous »


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