West Capital Lending Buys Irvine Office for $23.75M

West Capital Lending acquired the 17911 Von Karman Avenue office building in Irvine for $23.75 million. The property is a 104,375-square-foot, five-story Class A asset in Irvine’s Irvine Concourse submarket.

West Capital Lending plans to use the purchase as an owner-user headquarters, occupying about half the building on the third through fifth floors, while two tenants remain on the first and second floors. The seller was John Hancock Life Insurance, which owned the property since 2016.