Irvine Company announced today that KPMG, the global advisory, audit and tax services firm, has signed a lease to occupy 43,277 sq. ft. of office space at 20 Pacifica in Irvine Spectrum.
KPMG’s name will adorn the top of the new 15-story office tower, and it will join other top financial customers, including UBS, City National Bank and, most recently, the Federal Deposit Insurance Corporation, in Irvine Company’s newest towers, 20-40 Pacifica.
KPMG will occupy the building’s entire seventh and most of its eighth floors. It plans to move from Costa Mesa in May.
“We couldn’t be more impressed with the cosmopolitan environment of Irvine Spectrum. Relocating to this key business hub in Orange County will enhance the efficiency of our operations, allowing us to serve our clients even more effectively,” said Dean Samsvick, managing partner of KPMG’s Orange County office. “The new building features outstanding environmental efficiencies, a prominent location along the 405 Freeway, including incredible highway access in all directions, and important visibility for the firm.”
Conveniently located a short drive from John Wayne Airport, Irvine Spectrum is home to more than 65,000 jobs in a diversity of industries, a vibrant 1.2 million sq. ft. outdoor shopping and dining destination and housing opportunities at every rung of the housing ladder. Irvine is also renowned for its talented and educated job base. The FBI recently named it America’s safest city for the fourth consecutive year.
“The facility and location met our requirements, including the desire for a facility that is in line with KPMG’s firmwide “Green” initiative to reduce its carbon footprint,” said Samsvick.
20-40 Pacifica was designed with environmental and operational efficiency in mind. A few examples include: landscaping irrigated with reclaimed water, irrigation controls that monitor weather conditions, low-flow sensor-activated plumbing fixtures, reduced-energy sensor-controlled lighting and high efficiency air filtration and air conditioning systems.
Terms of the lease were not disclosed. Jeffrey Ingham, Thomas Murphy and Curtis Ellmore from Jones Lang LaSalle represented KPMG.
Val Wheeler, President of Irvine Company Office Properties, said KPMG’s decision to relocate from the South Coast Metro area of Costa Mesa affirms Irvine Spectrum’s emergence as Newport Center’s rival for the region’s premier address.
“FDIC, Blizzard Entertainment, Cisco Systems, The Fluor Corporation – and now KPMG,” Wheeler said. “The diverse mix of world-class companies in Irvine Spectrum is unparalleled. The area offers an attractive 24-7 environment unlike any other in Orange County.”
Wheeler said the deal caps an unprecedented wave of leasing for Irvine Company. Despite a national recession, the company has leased 3.6 million square feet during the past six months.
Renowned nationally for its financial stability, diverse portfolio and long-term ownership, Irvine Company opened 20 Pacifica in late 2007 – and 40 Pacifica a few months later. KPMG’s lease brings both projects to 65-percent leased – a number Wheeler said “nobody could have imagined a year ago.”
Developed in 1985, Irvine Spectrum is widely regarded as the world’s largest and finest master-planned business center. It includes companies in the industries of professional and financial services, apparel, computer hardware, software, biotech, medical devices, computer gaming, automotive and broadband communications. A sampling of industry leaders located in Irvine Spectrum includes: Blizzard Entertainment, Toshiba America, Fluor Corporation, The Capital Group Companies, Inc., Toyota, Verizon, Billabong, among others.
Irvine Company owns and operates more than 400 Class A office properties in the most prestigious coastal markets in San Diego, Orange and Los Angeles counties and the Silicon Valley. It takes a long-term view, focusing on reinvestment and customer experience.
KPMG’s offices will be across the street from Irvine Spectrum Center, which features the nation’s first pairing of Nordstrom and Target and more than 20 restaurants. It is also walking distance to The Village at Irvine Spectrum Center, an upscale 1,550-home apartment community. The Village received a Pacific Coast Builder’s Conference “Gold Nugget” for Best Apartment Project last year.
KPMG LLP is part of the global network of KPMG International (www.KPMG.com) providing Audit, Tax and Advisory services. There are over 123,000 professionals working in over 140 countries worldwide.
Irvine Spectrum is adjacent to the I-5, I-405 and SR-133 freeways, and a few miles from John Wayne Airport and outstanding executive housing options. Visit www.rental-living.com to learn more about rental housing near Irvine Spectrum, www.villagesofirvine.com for executive and for-sale housing, www.shopirvinespectrum.com for retail.