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Commercial Real Estate : A weekly look at office and industrial real estate in the county. : FOCUS: PARK PLACE

Park Place contains 1.8 million square feet of space in a distinctive, 10-story tower and six atrium buildings of four stories each. It houses the world headquarters of Fluor Corp., from which the property was bought in 1985. Denny’s Inc. recently moved its international headquarters to the complex. Future plans for Park Place include additional office, shopping, entertainment and hotel space.

FACTS AND FIGURES Address: 3333-3355 Michelson Drive, Irvine Owner: Winthrop Financial Associates and Trammell Crow Co. Architect: Welton Becket & Associates, Santa Monica Primary Contractor C.L. Peck (now Peck-Jones), Los Angeles Leasing/Management Trammell Crow Co. Use: Office, with retail amenities Date completed: 1976-80 Percentage of building leased 90% of existing space Parking capacity 5,254 Rental cost per square foot $1.75-$2.10 MAJOR TENANTS Square feet Fluor Corp.:1 million Avco Financial Services (world headquarters):250,000 Denny’s Inc.:160,000 Federal Deposit Insurance Corp.: (FDIC) 100,000 Source: Trammell Crow Co.


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