SOURCE: Glenborough, LLC

Glenborough, LLC

June 16, 2010 10:00 ET

Glenborough Announces Leasing Activity at Centerstone Plaza

SAN MATEO, CA--(Marketwire - June 16, 2010) -  Glenborough, LLC, a San Mateo, CA real estate investment and management company specializing in office properties, is pleased to announce two lease renewals and one new tenant at its Centerstone Plaza complex in Irvine, California.

Premier Business Centers is one of the leading national operators of executive suites and office centers in the United States with over 50 locations. Premier Business Centers was founded in 2002, but has an industry-experienced staff and locations that have been servicing executives since 1990. Premier Business Centers occupies 15,731 square feet at Centerstone Plaza I and have renewed their lease for five years. The negotiations were handled by Glenborough's Regional Leasing Director Dave Peacock and Robert Rush of U.S. Realty Group represented the tenant.

St. Joseph Hospital in Orange has extended its stay at Centerstone Plaza IV. The hospital has signed a three year agreement for 5,789 square feet and has signed a five year agreement for 23,348 square feet. St. Joseph Hospital in Orange County is a member of the St. Joseph Health System (SJHS). SJHS is an integrated health care delivery system providing a broad range of medical services. The system consists of 15 acute care hospitals, as well as home health agencies, hospice care, outpatient services, skilled nursing facilities, community clinics, and physician organizations. Glenborough was represented by its Regional Leasing Director Dave Peacock and St. Joseph Hospital was represented by Kevin Leonard with Health West Realty Advisors.

Glenborough is pleased to welcome Realty ONE Group, Inc. as a new tenant at Centerstone Plaza I. Realty ONE Group, Inc. is the leading real estate brokerage in Nevada and the fastest-growing company in Arizona. Realty ONE Group is a real estate brokerage firm with over 2,500 associates, headquartered in Las Vegas, Nevada, which focuses on providing ethical, professional and results-oriented services to property owners and prospective real estate buyers. The sixty-six month lease for 6,685 square feet was brokered by Oliver Fleener with Grubb and Ellis who represented Glenborough and Tim Arguello with Lee and Associates who represented Realty ONE Group, Inc.

Centerstone Plaza is a four-building office campus comprising 158,000 square feet, featuring spacious abundantly landscaped common areas and a striking red brick façade, and includes an on-site management office. Sited in a suburban setting in the heart of Irvine, Centerstone Plaza includes two full-service restaurants, and lies within easy walking distance of two major shopping centers. It also affords easy access to and from the San Diego and Santa Ana Freeways. It is a short 5-minute drive from the John Wayne Airport and the Irvine Company Spectrum and Newport Beach business districts.

About Glenborough, LLC

Glenborough, LLC is a private real estate investment and management company focused on the acquisition, management, leasing and development of institutional-quality office properties. Founded in 1978, the company went public as a REIT in 1996 and traded on the NYSE until 2006 when it returned to its private roots.

Glenborough's portfolio includes core, value-add, and development properties. We invest and manage in major markets across the country including San Francisco, Southern California and Washington, D.C. For further information, visit www.glenborough.com.

Contact Information

  • Contact:
    Andrew Batinovich

    President and CEO
    Phone: 650.343.9300
    e-mail: Email Contact

    Glenborough, LLC
    400 South El Camino Real
    San Mateo, CA 94402-1708