Developer sells office space in Orange County

Buyer plans mixed-use multifamily project

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RD Olson Development has sold two office buildings totaling 64,454 square feet in Irvine, Calif. The value of the transaction was $16.4 million. The property is located at 2801 and 2811 Main St. The buyer, Legacy Partners, has demolished the two office buildings and plans to redevelop the property into a mixed-use 250-unit multifamily development. The 5.2-acre mixed-use multifamily project will feature a four-story building with approximately 13,000 square feet of retail space on the bottom floor and a multi-story parking garage. Voit Commercial Brokerage represented the seller in this transaction. RD Olson is an Irvine-based company specializing in general contracting and construction management. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....