ORANGE COUNTY, Calif., Jan. 14, 2026 –  JLL Capital Markets announced today that it has arranged the $32 million sale of Centerstone Plaza, a suburban office campus totaling 107,028 square feet in Irvine, California.

JLL represented the seller, New York Life Real Estate Investors, and procured the buyer, LCBC Development.

Defined as an “elite suburban campus”, Centerstone Plaza is part of a small subset of these elite assets across the West Coast that have performed extremely well over the past decade. The property, which was renovated between 2024-2025, consists of three two-story buildings that are 92% leased to high-quality tenants, including First Team, Keller Williams, MemorialCare and LifeStance Health.

Centerstone Plaza is located on 6.77 acres at 4000, 4010 and 4040 Barranca Pkwy in an infill location in Irvine. The property is walkable to two on-site restaurants and is surrounded by three major retail centers with over 30 restaurants, three grocery stores, three gyms and an abundance of in-line shops. Additionally, Centerstone Plaza is close to the San Diego Freeway and the John Wayne Airport.

JLL Capital Markets’ Investment Sales and Advisory team representing the seller was led by Senior Managing Director Michael Leggett, Senior Director Will Poulsen and Director Tim Donald.

“High-quality suburban office with access to amenities continues to see strong tenant demand and over all outperformance,” said Poulsen. “Centerstone was strong example of this with 10-year average occupancy of over 90%.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.