Commercial Real Estate : A weekly look at office and industrial real estate in the county. : FOCUS: TWO VENTURE PLAZA

Two Venture Plaza, a recent addition to the Irvine Spectrum, is a development of Bedford Properties. The five-story building contains more than 87,000 square feet of office space. Grubb & Ellis Commercial Real Estate Services, which relocated its South Orange County office from Laguna Hills, is currently the major tenant.

FACTS AND FIGURES

Address 2 Venture, Irvine Developer Bedford Properties Inc. Architect Robert A.M. Stern & Langdon Wilson Architects Primary Contractor BCI General Contractors Broker Grubb & Ellis Financing First National Bank of Chicago Number of floors 5 Square feet 87,187 Use Office Cost (land and building) $25 million Date completed August, 1990 Percentage of building leased 21% Parking capacity 4 cars per 1,000 square feet Rental cost per square foot $1.90

MAJOR TENANTS

Grubb & Ellis 5,200 Square feet

Risk Data Corp. 4,900 Square feet

Pacific Shore Funding 3,500 Square feet

Giulio’s Delicatessen 1,200 Square feet

Source: Bedford Properties