Colorado investor expands to the 'OC'

Grubb & Ellis Co. announced that Denver-based BROE Real Estate purchased Irvine Corporate Center, a 127,561-square-foot office building in Irvine, Calif.

The transaction was valued at more than $18 million.

The two-story building, which was built in 1976, is located at 1821 E. Dyer Road in central Orange County. The asset, which was sold by Los Angeles-based Arden Realty Inc., was 100 percent leased at the time of sale.

Grubb & Ellis Co. is a provider of integrated real estate services.

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