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Lakeshore Adds Life Time, the Premier Lifestyle Brand to 900,000SF Project as Planned Anchor Tenant

8/2/2021
Lakeshore, a modern 900,000-square-foot Class A mixed-use office and retail campus in Irvine, California has executed a full building lease of 90,000 square feet with Life Time, the nation’s premier healthy lifestyle brand. The deal also includes 24,000 square feet of exclusive outdoor space.

IRVINE, Calif., August 2, 2021 – Life Time will serve as one of Lakeshore’s anchor tenants as a member-based athletic resort. Once open, expected completion in the second half of 2022, it will include everything one could imagine for healthy living—for all ages, including group exercise, cycle, yoga and Pilates studios, a spacious fitness floor, an outdoor fitness space and an outdoor pool and beach club. Other highlights will include a full-service fast-casual LifeCafe, a full-service LifeSpa and a Kids Academy for children from three months to 11 years old featuring a host of classes designed to foster healthy habits from an early age. The new destination will be located at 18007 Von Karman Ave.

“The highly amenitized Lakeshore has been re-purposed to ensure that working professionals who spend time here have the conveniences of work-life productivity and practicality in an enhanced setting, while also providing tremendous offerings for the community,” said John Brand, SENTRE’s Director of Lakeshore Operations.

Located off Von Karman Avenue with visibility from Interstate 405, Lakeshore, operated by SENTRE, a full-service real estate investment and development firm, is a multi-building high-rise and mid-rise campus comprising approximately 750,000 square feet of office space and 150,000 square feet of retail/restaurant space. The campus also features a prominent lake and central one-acre outdoor park, recently re-designed by world renowned architect Gensler. Lakeshore is a quintessential amenity-rich Orange County experience, offering impressive design and architecture, blended efficient indoor spaces with outdoor esplanades with adjoining patios and purposeful walkable conveniences.

“Lakeshore is in a great location and has a great demographic for Life Time as we bring our Healthy Way of Life philosophy and athletic resorts to more mixed-use spaces,” says Parham Javaheri, Life Time Chief Property Development Officer and EVP. “Together we will bring renewed energy to this important community hub, while serving as a health and wellness destination for individuals and families alike.”

The property is situated in a strong Orange County trade area with plentiful amenities and is also commuter convenient, close to the I-405 and SR 55 freeways, John Wayne Airport, and an abundance of housing.

“Life Time is a tremendous addition and the type of premier service offering that is constantly envisioned at Lakeshore for our tenant roster and the community,” said Robert Lambert, Executive Director, Cushman Wakefield. “This significant transaction speaks to the outlook of the health and wellness industry in Southern California where living a “healthy way of life” is seemingly woven into the region’s coastal culture.”

The transaction was completed by Robert Lambert, Rick Kaplan and Greg Brown with Cushman & Wakefield’s Irvine office representing the ownership. Life Time was represented by Scott Riddles and Trace Rouda of CBRE’s Newport Beach office.

 

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com External Link or follow @CushWake External Link on Twitter.

 

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