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Irvine Boosts Portfolio with $450M San Diego Office Sales

Firm Closes Deals on Downtown's One America Plaza and Koll Center; Gains 954,000 SF With Purchase
By Jeff Hitch
February 24, 2006 | 7:01 P.M.

Irvine Co. LLC, in care of The Irvine Co., purchased two Class A office towers in San Diego, CA for $450 million, including debt assumption. One America Plaza PT LLC sold the 34-story One America Plaza for $300 million, or about $516 per square foot. The group 501 West Broadway SD PT LLC sold the 21-story Koll Center for $150 million, or about $402.50 per square foot.

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