{"id":41233,"date":"2025-02-03T07:22:05","date_gmt":"2025-02-03T04:22:05","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=41233"},"modified":"2025-03-25T16:07:50","modified_gmt":"2025-03-25T13:07:50","slug":"hyundai-america-inks-new-lease-for-orange-county-warehouse","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/hyundai-america-inks-new-lease-for-orange-county-warehouse\/","title":{"rendered":"Hyundai America Inks New Lease for Orange County Warehouse"},"content":{"rendered":"<p>Hyundai America Technical Center, the research and development arm of Hyundai Motor Company, has leased a 91,600-square-foot distribution warehouse at LogistiCenter at Irvine II in Irvine, Calif.<\/p>\n<p>The lease was brokered by Ross Bourne, Keith Black and Nick Spatafore of CBRE, who represented the landlord, Dermody Properties.<\/p>\n<p>This new facility, located at 2 Sterling in Irvine, is expected to <a href=\"https:\/\/therealdeal.com\/la\/2025\/01\/24\/hyundai-america-leases-92k-sf-warehouse-in-irvine\/\" target=\"_blank\" rel=\"nofollow noopener\">open in the coming months<\/a>. While the specific timeline for Hyundai\u2019s occupancy remains undisclosed, this expansion underscores the company\u2019s continued investment in California and its commitment to supporting its operations in the region.<\/p>\n<p>\u201cThe leasing activity at LogistiCenter at Irvine II is indicative of the strong demand for modern industrial facilities in prime locations,\u201d Bourne said.<\/p>\n<p>The Class A warehouse is situated on a 4.4-acre site and offers 8,200 square feet of mezzanine office space, 36-foot clear height, 11 dock-high doors, one ground-level door, 74 parking stalls and a dedicated truck court. Equipped with an advanced fire sprinkler system, the property is currently pursuing LEED certification.<\/p>\n<p>Dermody Properties is actively developing its presence in Irvine, Calif. In addition to the recently leased 91,600-square-foot warehouse at LogistiCenter at Irvine II, the company is also developing LogistiCenter at Irvine I \u2014 a 133,320-square-foot industrial property slated for completion later this year. Both properties are strategically located southeast of I-5 and within close proximity to Irvine Spectrum \u2014 a 5,000-acre, mixed-use district boasting more than 38 million square feet of commercial space.<\/p>\n<p>Hyundai America Technical Center, which established its presence in Orange County in 2003 with a 90,000-square-foot facility at 81 Bunsen, is the latest tenant to join the thriving industrial market in Irvine.<\/p>\n<p><em>If you\u2019re looking to\u00a0<\/em><a href=\"https:\/\/www.commercialcafe.com\/industrial\/us\/ca\/orange-county\/\" target=\"_blank\" rel=\"noopener\"><em>rent industrial space in Orange County<\/em><\/a><em>\u00a0or other markets in the region, head over to the\u00a0<\/em><a href=\"https:\/\/www.commercialcafe.com\/\" target=\"_blank\" rel=\"noopener\"><em>CommercialCafe.com<\/em><\/a><em>\u00a0homepage to start your search!<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hyundai America Technical Center, the research and development arm of Hyundai Motor Company, has leased a 91,600-square-foot distribution warehouse at LogistiCenter at Irvine II in Irvine, Calif.<\/p>\n","protected":false},"author":56,"featured_media":41234,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,38,4014,41],"tags":[],"class_list":["post-41233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-deals","category-featured","category-industrial","wpautop"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO 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