Pour Vida Latin Flavor has signed a lease in the two-building office complex at 5000 Birch in Newport Beach, according to JLL.
Terms of the lease were not disclosed by JLL, which brokered the deal.
The owner of the property, Manulife Investment Management, is updating the property to make room for the restaurants.
Pour Vida signed a lease for 2,940 square feet on the ground floor. This will be the restaurant’s second location in Orange County; its other is in Anaheim.
The Register’s restaurant critic Brad Johnson called Pour Vida’s Tex-Mex hamburger taco “masterful.” The taco comes with yellow cheese, hamburger meat, shredded lettuce and thousand island dressing similar to the chef’s inspiration burger at In-N-Out.
Manulife also has begun building a new fitness center adjacent to Pour Vida along with other capital improvements including new common corridors and spec suites coming in 2021.
JLL’s Joe Bevan, Wade Clark and Monica Enes oversee office leasing at 5000 Birch.
Grocery outlet property sells for $5.8M
A Grocery Outlet property in Anaheim has been sold for $5.82 million to an unidentified investor in Los Angeles, according to CBRE, which brokered the deal.
The 26,414-square-foot retail property at 3430 W. Lincoln Ave. was formerly a Stater Bros.
Alan Krueger and Vanessa Haddad with CBRE represented the buyer in the transaction. They also represented the seller, Land Investments.
Senior community opens in Fullerton
Oakmont Senior Living opened Oakmont of Fullerton on March 1 at 433 W. Bastanchury Road.
The complex has 101 apartments that range in size from studios to two-bedroom units. The community also has a memory care neighborhood. Monthly rent starts around $3,895 and includes amenities such as all meals, weekly laundry and housekeeping services, chauffeured transportation, activities, 24-hour emergency response system and utilities.
On-site amenities include a library, movie theater, fitness center and day spa with massage room plus recreation and game rooms. Outdoor areas include a putting green, bocce ball court, resident garden beds, walking paths and even a pet park for those with canine companions.
In a nod to the COVID-19 pandemic, the complex also has a ‘Grand Hall’ for staging socially distanced events and programs.
Oakmont Senior Living operates 33 communities in California and two in Las Vegas. Its other Orange County housing is Capriana and Villagio in Brea, Oakmont of Orange and Oakmont of Huntington Beach. The parent company, Oakmont Management Group, is based in Irvine.
High Performance expands in CM
High Performance Nutrition has leased 19,079 square feet at Briggs Corporate Center in Costa Mesa, according to JLL.
The company, which is relocating from a 10,000-square-foot space in the city, leased 265 Briggs, one of three units in the project.
Terms of the lease were not disclosed.
JLL’s Wade Tift, Byron Foss and Nick Carey represented the landlord, Space Investment Partners LLC, in the lease. High Performance Nutrition was represented by Nathan Demosthenes of Cushman and Wakefield.
The JLL team is marketing the two remaining units for lease or sale at Briggs Corporate Center: 261 Briggs totaling 15,455 square feet and 263 Briggs totaling 17,405 square feet.
“We expect to see strong Orange County industrial leasing activity in 2021 due to several growing business sectors including life sciences and ecommerce,” said Wade Tift, JLL Executive Vice President. “Briggs Corporate Center is one of only a few newly developed industrial facilities in Orange County and we are very excited to be offering such a desirable project to the market.”
Briggs Corporate Center recently underwent significant renovations and each modernized unit features new power, warehouse skylights, LED high bay warehouse lighting, loading doors, anodized storefront windows and single-story office space delivered in shell condition with the restrooms complete.
The center also got a new façade, roof, exterior and interior paint, landscaping and lighting, and asphalt/striping.
Cypress firm buys in AZ for $64.5M
NNC Apartment Ventures LLC in Cypress has bought Aspen Place, a 222-unit luxury apartment complex in Flagstaff, Arizona for $64.5 million.
The seller was an entity formed by Kansas City, Missouri-based VanTrust Real Estate LLC. David Fogler and Steven Nicoluzakis with Cushman & Wakefield’s Multifamily Advisory Group in Phoenix represented the seller in the transaction.
Village at Aspen Place opened in 2015 and has a mix of studio, one-bedroom and two-bedroom floor plans. The mixed-use complex has ground-floor retail.
Amenities include a resident clubhouse, kitchen and coffee lounge, fitness center and yoga room, swimming pool and spa, gourmet barbecue grills, fire pit with outdoor seating, bike/ski repair shop, stand-up tanning bed, pet washing station, package concierge lockers, and more.
AO forms Atlanta hub
The Orange-based architecture firm AO has formed an East Coast hub in Atlanta.
Its office in midtown Atlanta is spearheaded by AO Partner Richard Clarke IV, a design architect and Atlanta resident, and architect Johnny Hembree, who joins the team as principal.
Real estate transactions, leases and new projects, industry hires, new ventures and upcoming events are compiled from press releases by contributing writer Karen Levin. Submit items and high-resolution photos via email to Business Editor Samantha Gowen at firstname.lastname@example.org. Please allow at least a week for publication. All items are subject to editing for clarity and length.