MemorialCare Signs 10-Year Lease at University Park in Irvine

Sunday, April 24, 2022

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(Orange County Register)

MemorialCare Medical Foundation has signed a 10-year lease for the retail spot once occupied by Crown Ace Hardware at University Park in Irvine, according to CBRE.

Financial terms of the lease were not disclosed, but CBRE said in a statement that the foundation signed a 9,460-square-foot lease at the retail center at 18102 Culver Drive. Tenants at University Park include Wholesome Choice, Rite Aid, Wells Fargo, and Carl’s Jr.

Map of new MemorialCare location: 18102 Culver Dr., Irvine

CBRE’s Andy Nott and Austin Kanzler represented MemorialCare. The physician division of MemorialCare provides internal and family medicine, pediatrics, urgent care and dental services in Orange County.

“MemorialCare was not actively looking for space in the market but when the right property became available, we were quick to mobilize and negotiate terms,” Kanzler said. “This deal is indicative of the increasing demand for quality retail space for medical users.”

 

Category: Healthcare, Greater Irvine Chamber, Leaders Crcle, MemorialCare, Economic Development, Business Expansion