This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Transwestern Closes 63,000-Square-Foot Lease For Pacific Trust Bank, Expanding Its Irvine Towers Headquarters By 50 Percent





IRVINE, Calif., Oct. 25, 2012 /PRNewswire/ -- Transwestern today announced that it has secured a renewal and 50 percent expansion of Pacific Trust Bank's corporate headquarters space in the prestigious Irvine Towers at 18500 Von Karman Avenue in Irvine, Calif. Pacific Trust Bank has leased an additional 21,000 square feet, bringing its total occupancy at Irvine Towers to nearly 63,000 square feet. Total consideration for the long-term lease was approximately $3.3 million.

Pacific Trust Bank was represented by David Giglio, vice president, and Lori Smith, associate vice president, both of whom are based in Transwestern's Orange County office. The building owner, The Irvine Company, was represented in-house by Mike Hodges.

"The expansion and renewal is a positive statement about Pacific Trust's current business and its future," said Giglio. "The Irvine Towers' high-profile location is central to the financial heart of Orange County with excellent visibility from the nearby Interstate 405 freeway."

Built in 1988, the 11-story office tower features award-winning landscaping highlighted by fountains, waterfalls and artistic structures. A short drive from the John Wayne Airport, the property is adjacent to numerous restaurants, shopping centers, cultural attractions and sports workout facilities. 

ABOUT PACIFIC TRUST BANK Pacific Trust Bank was originally founded in 1941 as a credit union in Chula Vista, and is now a federally chartered stock savings bank.  It currently operates 12 office locations in the greater metropolitan areas of San Diego, Riverside and Los Angeles counties. A wholly owned subsidiary of First PacTrust Bancorp, Inc., its stock is traded on the Nasdaq Global Market under the trading symbol BANC. 

ABOUT TRANSWESTERNTranswestern is a privately held operating company specializing in commercial real estate services, investment and development.  The firm's fully integrated approach delivers value to owners, investors and users of commercial real estate through innovation, penetrating market intelligence and legendary service delivered by teams of local experts.  Transwestern has product specialties in office, industrial, retail, multifamily and healthcare and is an industry leader in sustainability solutions and in market research through its affiliate, Delta Associates.

Please visit www.transwestern.net or follow us on Twitter at @Transwestern.

Media Contact: Jack Skelley / Mike Hoye 310.791.2755 ext. 312 jskelley@paoluccicommarts.com mhoye@paoluccicommarts.com

SOURCE Transwestern

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs