Newmark Brokers West Capital Lending’s $23.75M Purchase of Irvine Class A Office Building

Newmark Group, Inc. Class A -1.75%

Newmark Group, Inc. Class A

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14.63

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Newmark Group Inc. represented West Capital Lending in its $23.75 million acquisition of 17911 Von Karman Avenue, a 104,375-square-foot, five-story Class A office building in Irvine’s Irvine Concourse submarket. West Capital Lending will use the owner-user purchase to establish a new corporate headquarters, occupying about half the building across the third through fifth floors, while two tenants remain on the first and second floors. The seller was John Hancock Life Insurance, which had owned the property since 2016.

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