Kurv Industrial just grabbed a massive piece of the Irvine Spectrum, scooping up a 348,230-square-foot warehouse on a 19.5-acre site and planting an even bigger flag in Southern California’s industrial scene.
The Chicago-based investor is rebranding the property as Kurv Irvine II and pitching it as a Class A infill asset in one of Orange County’s tightest and priciest business parks, even as the broader industrial market starts to loosen up.
The deal
Kurv said in a press release that it closed on the infill asset at 9750 Irvine Boulevard on April 17 and will operate the building as Kurv Irvine II, according to Kurv Industrial. The firm describes the site as a Class A campus with 24-foot clear height, dock-high loading, a 120-foot truck court and modern office finishes. “We see opportunity across the Orange County market,” Kevin Finnegan, Kurv’s Los Angeles market officer, said in the release.
Seller and tenants
The seller was…..