A weekly look at office and industrial real estate in the county.
FOUNTAIN VALLEY COMMERCIAL AND INDUSTRIAL REAL ESTATE
As of Dec. 31, 1990.
OFFICE BUILDINGS
Existing Buildings
Total square feet: 525,767
Vacant space: 146,157
Vacancy rate: 27.8%
Monthly Lease Rates per Square Foot
Existing Vacant Office Space
Average: $1.46
Low: $0.90
High: $1.60
High-Tech/Research & Development Space
Lease price per square foot
Average: $0.90
Low: $0.90
High: $0.90
Manufacturing/Warehouse Space
Sale price per square foot
Average: $79.12
Low: $69.50
High: $85.00
Lease price per square foot
Average: $0.59
Low: $0.42
High: $0.52
Source: Coldwell Banker FOCUS: ONE TECHNOLOGY PARK, PHASE I
One Technology Park, a mixed-use project in the Irvine Spectrum, will consist of 17 buildings constructed in two phases. The first phase features 10 one- and two-story buildings on 15 acres. One Technology is at the intersection of Alton Parkway and Technology Street, next to the Santa Ana Freeway.
FACTS AND FIGURES
Address: One Technology St., Irvine
Developer: Irvine Co. and O’Donnell Armstrong & Partners
Architect: DeRevere Partnership, Newport Beach
Primary Contractor: Oltmans Construction Co., Los Angeles
Broker: O’Donnell Armstrong & Partners
Number of floors: 1- and 2-story
Square feet: 193,000
Acreage: 15.4
Use: Office, industrial and R&D;
Cost (land and building): $10.5 million
Date completed: April, 1990
Parking capacity: 758
Source: Reifined Marketing Concepts, Newport Beach
