FOCUS: TOKAI BANK BUILDING
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GRC Restaurants Inc., which owns and operates Coco’s, Charley Brown’s and Reuben’s restaurants, will move its corporate office to Irvine’s Tokai Bank building in May after a $2-million renovation. The 14-year-old building was recently purchased for $7 million by Burke Commercial Development and its investment affiliate, Cornerstone Partners Inc. from Claremont Enterprises Inc., a subsidiary of the National Bank of Canada. Tokai Bank and Bowne of Los Angeles, a financial printer, will occupy the ground floor.
FACTS AND FIGURES
Address: 18831 Von Karman Ave., Irvine
Original architect: William Pereira, Newport Beach
Renovation architect: Reel Grobman & Associates for the interior; William E. Skinner & Associates for the exterior
General Contractor: Gentosi Brothers (for the renovation)
Number of floors: 4
Square feet: 68,000
Use: Office
Date completed: 1978
Percentage of building leased: 100%
Parking capacity: 278 spaces
MAJOR TENANTS: Square feet
GRC Restaurants: 54,000
Tokai Bank of California: 7,500
Bowne of Los Angeles: 6,500
Source: Burke Commercial Development
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