BofI Federal Bank leases 160,000 square feet in La Jolla UTC
SAN DIEGO, Calif. (August 27, 2018) – BofI Federal Bank, America’s oldest and most trusted digital bank, has leased 160,000 square feet at Irvine Company workplace communities in La Jolla UTC. The company recently announced on www.axosbank.com it will rebrand its name to Axos Bank come October 1.
The technology-driven financial services company will occupy nearly 140,000 square feet at the six-building, 17-acre, The Plaza in La Jolla UTC and an additional 22,000 square feet in nearby Eastgate. The company’s lease includes building top signage at Pacifica Tower and the 17th and 18th penthouse floors, which haven’t been on the market for 30 years. The Plaza is now 95 percent leased.
“BofI is pleased that we were able to renew our lease with the Irvine Company. Over the last six years, Irvine Company has been an attentive and flexible landlord as we have continued to need more space. When we chose to sign another long-term lease with Irvine Company, I was confident we would continue our strong working relationship,” said Gregory Garrabrants, chief executive officer of BofI. “As one of the fastest-growing companies in San Diego, we needed a headquarters that was attractive to our employees and surrounded by many amenities on-site or within walking distance. We are proud to be headquartered at La Jolla UTC and are looking forward to seeing the Axos name on the top of our building when we rebrand on October 1.”
Since first moving into Irvine Company offices in 2012, the company has expanded seven times at The Plaza and Eastgate, more than quadrupling its overall San Diego presence.
“We are proud to be in a position to partner with and accommodate companies experiencing explosive growth like BofI, which is one of the largest banks in San Diego and needed to increase its work space by an additional 42,000 square feet,” said John Turner, regional vice president, Irvine Company Office Properties.
The Plaza features three towers and three campus-style office buildings with 825,000 square feet of premium workspace nestled within a lush, park-like setting. It also offers abundant on and off-site amenities for today’s forward-thinking businesses whose employees blend work and life like never before.
The project also includes two Irvine Company signature offerings: KINETIC, a state-of-the-art fitness center and The Commons, a vast open-air workspace with complimentary Wi-Fi. It also offers on-site dining at Rick Bayless’ Red O restaurant and Specialty’s Café, and is adjacent to the newly revitalized Westfield UTC.
About Irvine Company Office Properties
Irvine Company has evolved the traditional office to something much more: a vibrant workplace community. A place where collaboration is encouraged and creativity is enabled to elevate business success. The company owns and manages 150 vibrant workplace communities in Orange County, Los Angeles, Silicon Valley and San Diego. Its timeless design and quality craftsmanship is consistent with its long-term view and pride of ownership.
About BofI Holding, Inc. and Bank of Internet USA
BofI Holding, Inc. is the holding company for BofI Federal Bank, a nationwide bank that provides financing for single and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables. With approximately $8.6 billion in assets, BofI Federal Bank provides consumer and business banking products through its low-cost distribution channels and affinity partners. BofI Holding, Inc.’s common stock is listed on the NASDAQ Global Select Market under the symbol “BOFI” and is a component of the Russell 2000® Index, the S&P SmallCap 600® Index, and the KBW Nasdaq Financial Technology Index. For more information on BofI Federal Bank, please visit www.bofifederalbank.com.
Bank of Internet USA is the oldest and most trusted FDIC-insured internet bank in America and is a division of BofI Federal Bank (FDIC Certificate # 35546). Bank of Internet USA has been proudly serving clients for the last 15 years and it is one of the first banks to offer banking services exclusively online. For more information about Bank of Internet USA please visit https://www.bankofinternet.com.