Irvine, California, August 21, 2025
News Summary
Hyundai has signed a lease for a 133,745 square foot office at 2300 Main St., Irvine, marking a significant expansion in Southern California’s real estate market. This deal stands out as the largest office lease in Orange County this year. Hyundai’s previous office locations in Irvine include Hyundai Capital and Hyundai Glovis. Despite this growth in office space, the company has not specified which of its affiliates will occupy the new site, although Hyundai Motor America clarified it will not be the tenant.
California – Hyundai has recently expanded its real estate footprint in Southern California by signing a full-building lease for 133,745 square feet at 2300 Main St. in Irvine. This lease marks one of the largest office transactions in the region this year, specifically being recognized as the largest lease deal of the year in Orange County.
The office space, previously occupied by OptumRX, was developed in 2002 by LBA Realty and is currently managed by Houston-based Hines, owned by Germany-based Manova Partners Inc. The leasing of the building is being handled by CBRE.
This new lease signifies an expansion for one of Hyundai’s companies, contributing to its existing leases in Irvine. Additionally, Hyundai Capital occupies 123,192 square feet at 3161 Michelson Drive and Hyundai Glovis takes up 128,813 square feet at 18191 Von Karman Ave. Hyundai Motor America itself operates from a 503,536-square-foot headquarters at 10550 Talbert Ave. in Fountain Valley.
Despite this significant office expansion, Hyundai has not disclosed which specific affiliated company is responsible for the new lease, although Hyundai Motor America has confirmed that it is not the tenant in this case. The firm refers to numerous affiliated companies based in South Korea, encompassing different sectors. Hyundai’s recent sales figures in Orange County reveal that over the first five months of 2025, the company sold 3,674 vehicles, ranking behind competitors like Ford, Mercedes, Honda, Tesla, and Toyota.
The Airport Area, where the newly leased office is situated, is the most extensive office submarket in Orange County. The space at 2300 Main St. was notably the second-largest available block of office space in the Airport Area, while the largest block is 241,717 square feet at 3345 Michelson Drive.
A Cushman & Wakefield report indicates that during the period from April to June, among the top leases signed in Orange County were the Regional Center of Orange County for 102,631 square feet in Santa Ana and UCI Health for 92,489 square feet in Anaheim. Notable leases in the first quarter of 2025 included Inari Medical’s 54,406-square-foot deal and Hyundai Glovis’ 53,282-square-foot lease, both located in Irvine.
According to recent reports, more tenants in Orange County are relinquishing office space rather than leasing it, illustrating ongoing challenges in the office market throughout the year. Despite this, a slight 23% increase in leasing activity was recorded quarter-over-quarter for the second quarter of 2025, suggesting some signs of market recovery. Current conditions appear to be significantly influenced by policy announcements more than by economic fundamentals.
Alongside the office lease, Hyundai’s research and development arm, the Hyundai America Technical Center, has signed a new industrial pre-lease for 91,600 square feet at LogistiCenter at Irvine II, established by developer Dermody Properties. Hyundai’s R&D division first made its presence known in Orange County back in 2003 with a 90,000-square-foot lease at 81 Bunsen.
It remains uncertain whether Hyundai will continue operations at its existing locations or move entirely to the new site. Additionally, Dermody Properties is also working on another industrial development in the area, the LogistiCenter at Irvine I, which is expected to be completed later this year and consist of 133,320 square feet.
The Irvine Spectrum area reports a notably lower industrial vacancy rate of 0.7%, compared to an average of 3.1% across Orange County.
FAQ Section
- What is the significance of Hyundai’s new lease in Irvine?
Hyundai’s lease is one of the largest office transactions in Southern California this year and the largest in Orange County. - How much square footage did Hyundai lease?
Hyundai signed a full-building lease for 133,745 square feet at 2300 Main St. in Irvine. - What companies currently have leases with Hyundai in Irvine?
Hyundai Capital and Hyundai Glovis occupy 123,192 square feet and 128,813 square feet, respectively, in Irvine. - What is unique about the Airport Area in Orange County?
It is recognized as the largest office submarket in Orange County. - How has the leasing market changed in Orange County in 2025?
There has been a slight increase in leasing activity, though many tenants have been giving back office space rather than leasing more, indicating market adjustments.
Key Features of Hyundai’s New Lease
| Feature | Details |
|---|---|
| Lease Size | 133,745 square feet |
| Location | 2300 Main St., Irvine, California |
| Year Developed | 2002 |
| Previous Occupant | OptumRX |
| Management | Hines |
| Owner | Manova Partners Inc. |
| Largest Block in Area | 241,717 square feet at 3345 Michelson Drive |
| R&D Subsidiary Lease | 91,600 square feet at LogistiCenter at Irvine II |
Deeper Dive: News & Info About This Topic
- CoStar: Hyundai Inks One of Southern California’s Largest Office Leases of the Year
- Wikipedia
- Orange County Business Journal: Hyundai Leases 134K Sq. Ft. in Irvine
- Google Search: Hyundai office leases
- CBRE: CBRE Pre-Leases 91,600 SF LogistiCenter at Irvine II to Hyundai America Technical Center
- Encyclopedia Britannica: Hyundai
- Commercial Observer: Hyundai Lease in California Industrial Irvine Dermody
- Google News: Hyundai leases
- USA Today: Hyundai Dealers: Price Hikes
Author: STAFF HERE BEVERLY HILLS WRITER
The Beverly Hills Staff Writer represents the experienced team at HEREBeverlyHills.com, your go-to source for actionable local news and information in Beverly Hills, Los Angeles County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Rodeo Drive Concours d'Elegance, the Beverly Hills artSHOW, Concerts on Canon, and holiday celebrations throughout the city. Our coverage extends to key organizations like the Beverly Hills Chamber of Commerce and Visit Beverly Hills, plus leading businesses in luxury fashion, hospitality, and entertainment that drive the local economy. As part of the broader HERE network, including HERELosAngeles.com, HERESantaAna.com, HEREHuntingtonBeach.com, and HERECostaMesa.com, we provide comprehensive, credible insights into Southern California's dynamic landscape.
