107,000 SQFT Centerstone Plaza Trades for $32MM as New York Life Exits Irvine Office at Sharp Discount

The 107,028-SQFT suburban Irvine office campus clears at a 37 percent haircut to its 2016 basis, underscoring the ongoing institutional office reset. New York Life Real Estate Investors completed the sale of Centerstone Plaza, a 107,028-square-foot suburban office campus in Irvine, for $32 million, or approximately $299 per square foot, according to Kidder Mathews' 1Q […]