Pacific Premier Bank, a chartered commercial bank in California, has signed a lease for 115,438 square feet at Irvine Concourse, located at 17901 Von Karman Avenue in Irvine, California. This transaction was facilitated by Kidder Mathews commercial real estate brokers Dave Carder and Eric Tse, who represented Pacific Premier Bank. Ryan Ward, Bob Caudill, and Andrew White of Colliers represented the landlord John Hancock Life Insurance Company, U.S.A., a Michigan corporation and subsidiary of Manulife Financial Corporation.
Pacific Premier Bank, previously occupying two buildings at Irvine Concourse, has strategically decided to consolidate into a single building for its headquarters. This move creates operational efficiency and maintains a similar footprint, underlining the bank’s commitment to smart growth.
“In today’s market, office deals exceeding 100,000 square feet are rare,” said Carder. “The size of this transaction is exceptional, marking one of the largest office leases in the Irvine submarket this year.”
About Pacific Premier Bancorp, Inc.
Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) is the parent company of Pacific Premier Bank, a California-based commercial bank focused on serving small, middle-market, and corporate businesses throughout the western United States in major metropolitan markets in California, Washington, Oregon, Arizona, and Nevada. Founded in 1983, Pacific Premier Bank has grown to become one of the largest banks headquartered in the western region of the United States, with approximately $18 billion in total assets. Pacific Premier Bank provides banking products and services, including deposit accounts, digital banking, and treasury management services, to businesses, professionals, entrepreneurs, real estate investors, and nonprofit organizations. Pacific Premier Bank also offers a wide array of loan products, such as commercial business loans, lines of credit, SBA loans, commercial real estate loans, agribusiness loans, franchise lending, home equity lines of credit, and construction loans. Pacific Premier Bank offers commercial escrow services and facilitates 1031 Exchange transactions through its Commerce Escrow division. Pacific Premier Bank offers clients IRA custodial services through its Pacific Premier Trust division, which has approximately $18 billion of assets under custody and 32,000 client accounts comprised of self-directed investors, financial institutions, capital syndicators, and financial advisors. Additionally, Pacific Premier Bank provides nationwide customized banking solutions to Homeowners’ Associations and Property Management companies. Pacific Premier Bank is an Equal Housing Lender and Member FDIC. For additional information about Pacific Premier Bancorp, Inc. and Pacific Premier Bank, visit ppbi.com.
About Kidder Mathews
Kidder Mathews is the largest fully independent commercial real estate firm in the Western U.S., with over 900 professionals in 19 offices across Washington, Oregon, California, Idaho, Nevada, and Arizona. We offer a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. Kidder Mathews averages over $10 billion in transaction volume, manages more than 57 million square feet of space, and conducts 2,600 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.
