West Capital Lending Acquires Prime Class A Office Building in Irvine for $23.75 Million
In a significant real estate transaction, West Capital Lending has successfully acquired the prestigious Class A office building located at 17911 Von Karman Avenue for $23.75 million. This five-story structure spans 104,375 square feet and is strategically situated in the highly coveted Irvine Concourse submarket of Irvine, California. Newmark played a vital role in this owner-user transaction, representing West Capital Lending, which is well-known for its specialization in residential mortgage loans.
West Capital Lending plans to make the building their corporate headquarters, planning to occupy about half of the space, particularly the third, fourth, and fifth floors. This move signifies a major milestone for the company, providing a modern workspace that reflects its growth objectives while also enhancing employee satisfaction. Two existing tenants will remain in place, taking residence on the first and second floors of the building. Eric Hines, Co-Founder of West Capital Lending, expressed excitement about the acquisition, noting its potential to foster growth and improve the working environment for employees, amid a vibrant amenity landscape.
The acquisition of 17911 Von Karman Avenue represents an exceptional opportunity for West Capital Lending to establish a substantial corporate presence within the Orange County Airport market. The location is characterized by its accessibility and strategic positioning, offering immediate access to major thoroughfares, including the San Diego (I-405) Freeway. Moreover, proximity to John Wayne Airport makes it particularly advantageous for businesses engaged in travel and commerce.
Newmark’s Executive Managing Directors, Jay Nugent and Scott Read, facilitated the transaction, expertly navigating the complexities of the deal to serve the needs of West Capital Lending. The seller, John Hancock Life Insurance, had owned the building since 2016. Its sale marks a major change in ownership as it transitions from a long-held asset to a new venture for West Capital Lending, aligning with the company’s organizational goals and growth strategy.
The Irvine Concourse itself is recognized as one of Orange County’s most elite business districts. It offers a dynamic working environment, replete with an array of amenities. Employees and clients alike benefit from nearby options that include numerous restaurants, retail outlets, hotels, and fitness centers, making it an attractive location for businesses. The surrounding infrastructure bolsters the building’s value, making it a prime choice for companies like West Capital Lending aiming to distinguish themselves in a competitive market.
About Newmark: Newmark Group, Inc. (Nasdaq: NMRK) stands at the forefront of commercial real estate, delivering comprehensive services throughout the property life cycle. With a global footprint and local market intelligence, Newmark caters to a diverse clientele ranging from startups to established blue-chip companies. In the last twelve months ending December 31, 2025, Newmark reported revenues nearing $3.3 billion, employing over 9,300 professionals in approximately 175 offices across four continents. For further information, visit nmrk.com or follow them on social media @newmark.
In conclusion, West Capital Lending’s acquisition of 17911 Von Karman Avenue is a pivotal moment that reflects its ambitions for growth and enhanced corporate identity. With Newmark’s expert guidance, this transaction not only signifies a step forward for the lending firm but also contributes to the continued development of Irvine’s vibrant business landscape.
This article is based on reporting from theregistrysocal.com.
The original version of the story can be found on their website.
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