Kurv Industrial just grabbed a massive piece of the Irvine Spectrum, scooping up a 348,230-square-foot warehouse on a 19.5-acre site and planting an even bigger flag in Southern California’s industrial scene.
The Chicago-based investor is rebranding the property as Kurv Irvine II and pitching it as a Class A infill asset in one of Orange County’s tightest and priciest business parks, even as the broader industrial market starts to loosen up.
The deal
Kurv said in a press release that it closed on the infill asset at 9750 Irvine Boulevard on April 17 and will operate the building as Kurv Irvine II, according to Kurv Industrial. The firm describes the site as a Class A campus with 24-foot clear height, dock-high loading, a 120-foot truck court and modern office finishes. “We see opportunity across the Orange County market,” Kevin Finnegan, Kurv’s Los Angeles market officer, said in the release.
Seller and tenants
The seller was LBA Logistics and terms of the deal were not disclosed, as reported by The Real Deal. That outlet notes the building already counts electric truck maker Rivian among its tenants and includes both office and distribution space. Kurv’s earlier Irvine holding, a 215,000-square-foot warehouse at 1 Banting, makes this its second sizeable Orange County asset.
Market context
The acquisition lands as Orange County’s industrial vacancy ticked up to 5.3 percent in Q1 2026, up from 4.9 percent the prior quarter, according to CBRE Research's Q1 report. CBRE’s figures show negative net absorption for the quarter and note that larger, newer bays accounted for much of the moveouts, a pattern that tends to bolster the appeal of well-located Class A infill. That dynamic helps explain why buyers are still chasing renovated office-plus-warehouse campuses in supply-constrained coastal submarkets.
Part of a bigger expansion
The Irvine purchase follows the firm’s March rebrand from Bridge Industrial to Kurv Industrial and a string of recent acquisitions, including an 818,611-square-foot Pompano Beach portfolio priced at roughly $219.7 million, according to Connect CRE. Kurv says it is targeting institutional-quality infill where operational upgrades and leasing momentum can drive returns over time. The Irvine asset’s mix of office and distribution bays fits that playbook.
Why it matters locally
Local reporting on the former Toshiba campus that includes 9740–9750 Irvine Boulevard highlights a history of recapitalization and tenant rotation at the site, with Rivian and several other corporate users occupying space, according to the Orange County Business Journal. For Orange County employers and brokers, Kurv’s buy is another signal that high-quality coastal industrial campuses remain in demand even as vacancy inches higher.
