Marcus & Millichap arranged the sale of the 166,068-square-foot Jeronimo Technology Park in Irvine, Calif.

The value of the transaction was not disclosed.

The Jeronimo Technology Park consists of two two-story office/R&D buildings situated on approximately 7.4 acres of fee land. The property is occupied by three tenants: Telelogic, Inovx and CMD/Silicon Image, each with triple-net lease agreements. The buildings were constructed in 1986 and are located at the corner of Alton Parkway and Jeronimo Road in the Irvine Spectrum Center.

LBA-VF III LLC, an affiliate of Layton-Belling & Associates and AEW Capital Management, sold the property to Jeronimo Technology Partners LLC, a Newport Beach-based investment partnership.

Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.

***

Send a Letter to the Editor for publication.
Send a comment or news tip to our newsroom.
Please include the headline of the story.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Refer friends to Select and get $200 in credit.Learn More×
Connect Now is just days away. Don't miss out.Reserve your seat today.×