<body><div><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=1gl9FW_0vlTucNm00" alt="https://img.particlenews.com/image.php?url=1gl9FW_0vlTucNm00" width="820" height="510" >CBRE negotiated the $40.6-million sale of 5 Peters Canyon Rd., a 157,455-square-foot, low-rise office building in Irvine, to an owner-user. The CBRE Investment Properties team of Anthony DeLorenzo, Sammy Cemo and Bryan Johnson, along with Matt Didier, Jennifer Whittington and David Dowd, represented the seller, a joint venture with Pendulum Property Partners, in the transaction. CBRE’s Eric Pumont represented the buyer, TP-Link Systems Inc.“This was an incredible opportunity for the buyer, a technology company, to purchase an institutional quality asset they can grow into for years to come,” said DeLorenzo. “Our team worked quickly to produce a very competitive bidding environment from a diverse buyer pool, closing the transaction within 90 days of listing the property for sale.”Built in 2000, 5 Peters Canyon Rd. sits on 9.55 acres in northeast Irvine. At the time of sale, it was 87.9% leased with a variety of tenants.Read More News Stories About: CBREConnectInside The StoryPaul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&amp;As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).</div></body>

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Irvine Low-Rise Offices Trade to Tech Firm Owner-User

CBRE negotiated the $40.6-million sale of 5 Peters Canyon Rd., a 157,455-square-foot, low-rise office building in Irvine, to an owner-user. The CBRE Investment Properties team of Anthony DeLorenzo, Sammy Cemo and Bryan Johnson, along with Matt Didier, Jennifer Whittington and David Dowd, represented the seller, a joint venture with Pendulum Property Partners, in the transaction. CBRE’s Eric Pumont represented the buyer, TP-Link Systems Inc.