Add another office project to The Irvine Company’s development pipeline.
The Newport Beach-based developer recently started construction on Jamboree Business Center, a 231,000-square-foot, low-rise office complex on Michelle Drive and Jamboree Road.
The West Irvine development is near the Santa Ana (I-5) Freeway and the 261 Toll Road, near the Market Place shopping center in Irvine and Tustin.
The project, due to finish in early 2008, is set to have three office buildings at three stories each. The buildings are roughly 77,000 square feet each.
Jamboree Business Center is spread over two adjacent sites and includes 15 acres of parking and landscaping.
The Irvine office of San Diego-based Roel Construction Co. is the general contractor for the project. Westling & Associates of Newport Beach is the construction manager. LPA Inc. of Irvine is the architect.
It’s the same team working on a similar Irvine Co. office development, the 316,000-square-foot Discovery Business Center in the Irvine Spectrum.
That $22 million project, nearing completion, has six two-story buildings. Los Angeles-based based Capital Group Cos. recently signed a multiyear lease for two of those buildings, totaling 99,000 square feet, as part of the mutual fund manager’s relocation of its Orange County operations from Brea.
For more on this story, see the Nov. 13 edition of the Business Journal.
