CBRE completed a full-building lease for 136,612 square feet to an undisclosed tenant at Irvine Commerce Center, a Class A industrial building located at 18582 Teller Ave. in Irvine. EVPs Ross Bourne and Ross Fippinger and senior associate Joe Czech represented the owner, an Ares Real Estate fund. Marq Logistics, which represents Ares’ vertically integrated global logistics real estate platform, developed Irvine Commerce Center and manages the property.

The building includes 13,275 square feet of high-end office space with upgraded finishes, along with modern industrial features designed to accommodate a range of distribution and light manufacturing uses. Located along Jamboree Road in Irvine’s Airport Area submarket, the property provides immediate access to the Interstate 405 freeway and is near Newport Beach. The surrounding Irvine Business Complex offers a wide range of walkable amenities.

“We continue to see sustained demand for high-quality industrial space across Orange County,” said Bourne. “The deal highlights the resiliency of the Airport Area industrial market.”

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