A weekly look at office and industrial real estate in the county.

FOUNTAIN VALLEY COMMERCIAL AND INDUSTRIAL REAL ESTATE

As of Dec. 31, 1990.

OFFICE BUILDINGS

Existing Buildings

Total square feet: 525,767

Vacant space: 146,157

Vacancy rate: 27.8%

Monthly Lease Rates per Square Foot

Existing Vacant Office Space

Average: $1.46

Low: $0.90

High: $1.60

High-Tech/Research & Development Space

Lease price per square foot

Average: $0.90

Low: $0.90

High: $0.90

Manufacturing/Warehouse Space

Sale price per square foot

Average: $79.12

Low: $69.50

High: $85.00

Lease price per square foot

Average: $0.59

Low: $0.42

High: $0.52

Source: Coldwell Banker FOCUS: ONE TECHNOLOGY PARK, PHASE I

One Technology Park, a mixed-use project in the Irvine Spectrum, will consist of 17 buildings constructed in two phases. The first phase features 10 one- and two-story buildings on 15 acres. One Technology is at the intersection of Alton Parkway and Technology Street, next to the Santa Ana Freeway.

FACTS AND FIGURES

Address: One Technology St., Irvine

Developer: Irvine Co. and O’Donnell Armstrong & Partners

Architect: DeRevere Partnership, Newport Beach

Primary Contractor: Oltmans Construction Co., Los Angeles

Broker: O’Donnell Armstrong & Partners

Number of floors: 1- and 2-story

Square feet: 193,000

Acreage: 15.4

Use: Office, industrial and R&D;

Cost (land and building): $10.5 million

Date completed: April, 1990

Parking capacity: 758

Source: Reifined Marketing Concepts, Newport Beach