Hines’ 2211 Michelson Announces Five New Leases - Hines

Hines’ 2211 Michelson Announces Five New Leases

Irvines "Greenest" Office Building Reaches 95 Percent Leased

(IRVINE, CA) — The Irvine office of Hines, the international real estate firm, announced today that 2211 Michelson, the 12-story office building located in the heart of the Irvine Business Complex, has signed five new tenants, for a total of 44,000 square feet.

These leases bring the 266,605-square-foot building to 95 percent leased. The tenants are:

Burnham Benefits signed a lease for 13,400 square feet.

The insurance and advisory firm was represented in lease negotiations by Jake Stickel of CBRE.

Gordon & Rees LLP signed a lease for 13,200 square feet.

The national litigation and business transactions firm was represented by Wade and Ronda Clark of JLL.

The firm has had an Orange County presence since 2002.

“We looked at many buildings in the vicinity near John Wayne Airport, and felt that the 2211 Michelson building, being recently constructed and, more importantly, a green building, fit nicely with our firm’s efforts toward conservation and our emerging Green Practice Group.

It also is well suited to our current needs, with a potential for expansion, as our office continues to grow,” said Matthew Murphey, managing partner of the Orange County office.

The Scotts Company signed a lease for 7,200 square feet.

The lawn and garden company was represented by Ross Bourne of CBRE.

Connor, Fletcher & Williams signed a lease for 6,300 square feet.

Steve Card of Travers Realty represented the business litigation firm.

360 Commercial Partners signed a lease for 3,600 square feet.

Louis Tomaselli, managing partner and founder of the newly formed firm, handled lease negotiations.

"After 24 years in commercial real estate, I understood the importance of location, image and quality when selecting an office for the launch of our new full-service global commercial real estate firm," Tomaselli said. "At 2211 Michelson, Hines is delivering abest-in-class product and the greenest office building in Southern California, which make the buildingideally aligned with the DNA of the 360 Commercial Partners brand."

“We’re thrilled to be the chosen location for some of the best firms in Orange County,” said Hines Vice President Paul Twardowski. “Despite the toughest leasing market in recent memory and strong competition, we’ve been able to relatively quickly bring this new building up to 95 percent leased. Such performance is testament to our strong local team and the high quality, sustainability and location of 2211 Michelson.”

Bob Thagard and Jay Carnahan of Orion Property Partners and Dave Whitney of Lee and Associates represented the building in the marketplace throughout its lease-up. Local Hines managers Roger DeWames and Ray Lawler led the lease-up effort for Hines, and both continue to be involved in all facets of development and investment within the Hines platform in Orange County.

In 2009, 2211 Michelson became the first building in California and on the West Coast to be certified for Silver status in the Leadership in Energy and Environmental Design Core & Shell (LEED-CS) development program, which is sponsored by the U.S. Green Building Council (USGBC), the nation’s leading advocate of sustainable design. Standout green design features qualifying the building for its Silver LEED-CS certification include: innovative wastewater and water conservation technologies; reduction in the use of electricity through highly efficient lighting and HVAC systems; low-emitting materials; 60 percent more glass than conventional office buildings providing maximum daylight within interior spaces; and landscaped outdoor workspaces.

In addition to 2211 Michelson, Hines’ portfolio in Orange County includes California Green, an 800,000-square-foot fully entitled master plan at the corner of Jamboree and Michelson.

Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,111 properties representing more than 449 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. With offices in more than 100 cities in 17 countries, and controlled assets valued at approximately $22.9 billion, Hines is one of the largest real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED®, ENERGY STAR®, BREEAM in the United Kingdom, France’s Haute Qualité Environnementale and with the German Sustainable Building Council. Visit www.hines.com for more information.

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