A Hyundai company has signed a lease for 133,745 square feet at 2300 Main St. in Irvine, sources confirmed with the Business Journal.
The Hyundai company is committing to the entire space at 2300 Main St. makes it the largest lease deal of the year in Orange County.
The lease is another expansion for a Hyundai company, adding to the 123,192 square feet Hyundai Capital leases at 3161 Michelson Drive, Irvine, and the 128,813-square-foot building at 18191 Von Karman Ave., Irvine, that Hyundai Glovis bought for $35.7 million in April.
Hyundai Motor America owns its 503,536-square-foot U.S. headquarters building at 10550 Talbert Ave. in Fountain Valley.
Hyundai sold 3,674 vehicles in Orange County for the first five months of 2025, trailing Ford (4,275), Mercedes (4,290), Honda (7,372), Tesla (9,395) and Toyota (13,036), according to the OC Automotive Dealers Association.
It’s unclear which Hyundai company has leased the space. A spokesperson only confirmed Hyundai Motor America didn’t lease 2300 Main St. Hyundai is a name for several closely related companies based in South Korea, from Hyundai Motor Group for vehicles to Hyundai Heavy Industries Group for shipbuilding and heavy machinery to the Hyundai Group that builds elevators and provides logistics.
The building, previously leased by OptumRX, was developed by Irvine-based LBA Realty in 2002.
Houston-based Hines is the property manager, Germany-based Manova Partners Inc. owns the five-floor office building, with CBRE handling leasing.
Orange County Office Market
A Cushman & Wakefield office market report shows the top leases signed in Orange County between April 1 and June 30 were The Regional Center of Orange County deal for 102,631 square feet in Santa Ana and UCI Health’s 92,489-square-foot accord in Anaheim.
The largest leases for the first three months of the year, according to a Colliers office market report, were Inari Medical’s 54,406-square-foot deal and the 53,282 square feet taken up by Hyundai Glovis, both in Irvine.
More tenants in Orange County have been giving back office space than leasing it this year, according to a Stream Realty market report.
“Low levels of new leasing activity continue to hinder market recovery, though there are signs of market recovery,” according to the Stream office report for the second quarter of 2025.
The Airport Area, where 2300 Main St. is located, is Orange County’s largest office submarket. 2300 Main St. was the second largest block of leasable space available in the Airport Area, trailing only the 241,717 square feet available at 3345 Michelson Drive in Irvine, according to Stream.
CBRE’s latest office market report for Orange County said the data shows leasing activity is picking up steam.
The Dallas-based real estate advisory firm said leasing activity in Orange County was up 23%, quarter-over-quarter, with 279 deals for 1.8 million square feet of space signed in the second quarter of 2025.
“Policy announcements and the news cycle—not economic fundamentals—are driving sentiment today,” per the CBRE office market report
“By the top of Q3 2025, both the trade war rhetoric and effective tariff rate have softened. While consumer and business sentiment surveys remain weak, the hard economic data … points to a steadier economy,” the CBRE report continued.
