(IRVINE, CALIFORNIA) – Hines, the international real estate firm, announced today the completion of a $25 million redevelopment project at Intersect, the four-building, 436,000-square-foot office campus situated in the heart of Irvine’s Airport Area. The extensive capital renovation, designed by IA Interior Architects and LandLAB, has transformed the former Washington Mutual campus into a next-generation office environment that promotes a balance of work and wellness. Improvements at the campus include outdoor amenity spaces equipped with Wi-Fi, TVs, a putting green, basketball court, state-of-the-art fitness and conference facilities, modern lobbies, lush gardens and common areas, and a fleet of Zagster rental bikes.
The campus redevelopment has led to an increase in leasing activity. New tenants include Aon, Mazda North American Operations, Edison Energy, Marriott International, SPACES., Club Pilates, RapidScale and Amare Global.
Anthony Geisler, CEO of Club Pilates, said, “The Intersect campus is a perfect extension of our fitness brand. The state-of-the-art improvements, coupled with its health and wellness platform, differentiates Intersect from all others in the market.”
In addition to the campus renovation, Hines announced in partnership with The Patio Group, the wholly-owned restaurant division of San Diego-based American National Investments, the development of a new $3 million restaurant with an outdoor two-story shipping container concept for more casual dining to serve the campus and surrounding community. The new location represents The Patio Group’s first restaurant in Orange County. The innovative shipping container component will serve coffee, juice and grab-n-go food throughout the day, as well as craft beer, wine and appetizers in the evening. Dubbed “The Patio Marketplace,” the amenity is poised to host a number of special events in its activated outdoor courtyard and comfortable interior space. Award-winning San Diego design firm Bluemotif Architecture has designed an engaging space for locals to gather and celebrate the best of coastal California.
“We are thrilled to have such a great partner in The Patio Group serve as our on-campus food and beverage provider,” said Hines Associate Drew Huffman. “Their track record of successful restaurants speaks for itself, and their vision of redefining the office campus dining experience is spot-on.”
“Partnering with an industry leader like Hines is a natural fit for Patio Group. It aligns perfectly with our ethos. The Intersect project presented a unique opportunity to combine innovative and progressive amenity design, with the menu offerings and inspired experiences that have become the hallmark of our brand,” said Brian LaGrange, Senior Vice President, American National Investments. “The Patio Group is thrilled to be expanding into Orange County. We look forward to becoming deeply entrenched in the local community and are committed to creating a restaurant that inspires people to gather and explore.”
The new tenancy brings the Class A campus to over 50 percent occupied, leaving approximately 200,000 square feet available for lease. Joe Bevan and Wade Clark with JLL lease the project on behalf of Hines.
“Our new improvements cater to a diverse and multigenerational tenant mix, as indicated by the recent leases signed at Intersect,” said Drew Huffman. “We are excited to see this trend continue.”
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 201 cities in 21 countries. Hines has approximately $100 billion of assets under management, including $54.5 billion for which Hines provides fiduciary investment management services, and $45.5 billion for which Hines provides third-party property-level services. The firm has 113 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,262 properties, totaling over 414 million square feet. The firm’s current property and asset management portfolio includes 529 properties, representing over 213 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.
About The Patio Group
The Patio Group, one of San Diego’s leading hospitality brands, began in Pacific Beach with The Patio on Lamont. The vision was simple: To create a comfortable, neighborhood eatery offering local, seasonal and sustainably sourced cuisine with unique cocktails, wine, and craft beers. The Patio Group now owns and operates a diverse number of properties in San Diego, including the award-winning The Patio on Goldfinch, Fireside by The Patio, The Patio Marketplace, the historic Saska’s Steakhouse, Harvest by The Patio, Bao Beach, Surf Rider Pizza Co., Swell Coffee Co., and Andrea’s Truffles. For more information, please visit http://www.thepatiorestaurants.com.