5-Building Irvine Site Bought by Save Most

Save Most Desert Rancho Ltd., a Laguna Hills real estate investment firm, has bought a five-building office complex in Irvine for $13.3 million, a brokerage firm said Monday.

Save Most bought Skypark Business Center, a 110,700-square-foot complex, from H-A Irvine Associates, an Irvine real estate holding company.

The new owner is planning to improve the properties and to raise rents, said Matt Pipkin, one of the brokers at Lee & Associates, who represented the buyer. The buildings are 98% leased, Pipkin said.