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JPMorgan Chase extends lease at Alton Corporate Plaza

Hines, the international real estate firm, and a subsidiary of a real estate fund managed by Oaktree Capital Management, L.P. announced that JPMorgan Chase has extended its lease for 129,263 square feet through June 2020 at Alton Corporate Plaza in Irvine.

Alton Corporate Plaza is a four-building office campus in the heart of the airport area's Irvine Business Complex (IBC). Situated on 15 acres and encompassing 321,000 square feet of office space, Alton Corporate Plaza is comprised of 1833 Alton, which is 100 percent leased to JPMorgan Chase Bank; 1733 Alton, which is fully leased to Source Interlink Magazines, LLC and Nexus IS, Inc; and 16800 and 16802 Aston, which currently offer more than 90,000 square feet of contiguous space available for immediate occupancy.

Hines Managing Director Ray Lawler said, "We are pleased that JPMorgan has renewed its commitment for the long-term at 1833 Alton Parkway. Their continued presence, coupled with our significant upgrades to the overall campus, will continue to make Alton Corporate Plaza a desirable location for tenants."

In recent months, the Hines and Oaktree venture has made significant upgrades to the Alton Corporate Plaza campus including complete lobby renovations in the 16800 and 16802 Aston buildings, improvement of the interiors, an upgraded signage program and various upgrades to the exterior.



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