Real Tech

Dorsey & Whitney LLP

Client Objective

Southern California Office29,304 SFPlaza TowerCosta Mesa, CA

Southern California Office
29,304 SF
Plaza Tower
Costa Mesa, CA

Dorsey and Whitney LLP had occupied its former office since 1998 and was the only major law firm in the Irvine Spectrum area. Real Tech assisted Dorsey in taking advantage of favorable market conditions by identifying and securing the top floors of one of the most prestigious high-rise buildings in Orange County.

Transaction Highlights

  • Reduced square footage from 36,730 to 29,304 RSF (20.2%)
  • Decreased average monthly lease costs by 22% from the last month at the previous building (going from a 2-story concrete tilt-up to the top floors of Orange County’s most prestigious high-rise)
  • Secured a midterm option to cancel
  • TI Allowance significantly above market
  • Below market parking rates, with no increases throughout lease term
  • Flexible expansion options

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