Office & Retail

FivePoint Selling Broadcom Offices for $355M

image of the FivePoint building

image of the FivePoint building

Reprinted with permission from: Orange County Business Journal (June 29, 2020)

PRP Real Estate Investment Management, a Washington, D.C.-based real estate investor backed in part by overseas funding partners, plans to buy the two largest buildings at Irvine’s FivePoint Gateway office campus. PRP is under contract to purchase the two buildings, which are occupied by chipmaker Broadcom Inc. under a long-term lease running until 2037, for $355 million.

Read the full article here.