Commercial Real Estate : FOCUS: 23 CORPORATE PLAZA

Grubb & Ellis and Remax are scheduled to move into 23 Corporate Plaza as major tenants for the 88,000-square-foot office building in Newport Center. Grubb & Ellis will take occupancy in May, and Remax in March. The red Indian sandstone building features twin interior atriums and a main lobby entrance with a twin circular staircase centerd by a glass-enclosed elevator. FACTS AND FIGURES Address: 23 Corporate Plaza, Newport Beach Owner: Irvine Co. Developer: Birtcher Campbell Properties Architect: McLarand Vasquez & Partners, Inc. Property Manager: PM Realty Group Broker: PM Realty Group Number of floors: 2 Square feet: 88,000 Use: Office Date completed: October, 1991 Percentage of building leased: 28% Rental cost per square foot: $2.00-$2.15 MAJOR TENANTS: Square feet Grubb & Ellis: 7,549 Remax: 6,456 Heritage Escrow: 3,554 Donahue & Co.: 3,088 Source: InterCommunications Inc.