Irvine, California, August 21, 2025
News Summary
Hyundai has secured a significant lease of 133,745 square feet at 2300 Main St. in Irvine, marking a major expansion in its presence within Southern California. This new office space represents the largest commercial lease in Orange County for 2025. As Hyundai continues to grow in the region, it underscores the company’s strategic developments amid a competitive automotive market. The expansion follows other leases in the area and reflects a broader trend of increased leasing activity in Orange County, despite the current market’s mixed sentiment.
Irvine, California – Hyundai has announced a major expansion in its real estate footprint by signing a full-building lease for 133,745 square feet at 2300 Main St. in Irvine, marking it as one of the largest office transactions in Southern California this year. This lease holds particular significance, as it is now the largest lease deal in Orange County for 2025, further indicating Hyundai’s growing presence in the region.
The office space at 2300 Main St. was formerly leased by OptumRX and was developed in 2002 by LBA Realty. Currently, the property is managed by Houston-based Hines and owned by Germany-based Manova Partners Inc. This expansion is a strategic move for one of Hyundai’s affiliated companies, which remains unspecified, as Hyundai Motor America has confirmed it is not the tenant for the new lease.
This additional lease will augment Hyundai’s existing obligations in the area, including 123,192 square feet at 3161 Michelson Drive used by Hyundai Capital and 128,813 square feet at 18191 Von Karman Ave. for Hyundai Glovis. Furthermore, Hyundai Motor America also owns its own headquarters, which spans 503,536 square feet at 10550 Talbert Ave. in Fountain Valley.
Hyundai’s expansion comes at a time when the auto sales landscape shows it sold 3,674 vehicles in Orange County over the first five months of 2025. Despite this sales performance, Hyundai ranks behind competitors like Ford, Mercedes, Honda, Tesla, and Toyota in this market.
The Airport Area, where the new lease is located, is recognized as the largest office submarket in Orange County. The space at 2300 Main St. was the second-largest block of available office space in this area, following a larger offering of 241,717 square feet at 3345 Michelson Drive.
Recent leasing activity in the region indicates a mixed sentiment. According to a report by Cushman & Wakefield, notable leases from April to June include the Regional Center of Orange County at 102,631 square feet in Santa Ana and UCI Health at 92,489 square feet in Anaheim. Additionally, the first quarter of 2025 saw leases for Inari Medical and Hyundai Glovis totaling 54,406 square feet and 53,282 square feet respectively.
Despite Hyundai’s aggressive expansion strategy, the overall market trend indicates a return to stability following an extended period of uncertainty. A CBRE office market report noted a 23% increase in leasing activity in Orange County from the previous quarter, yet also highlighted that current market sentiment is swayed more by policy changes than by economic fundamentals.
Hyundai’s R&D subsidiary, the Hyundai America Technical Center, has also recently signed a pre-lease for 91,600 square feet at the LogistiCenter at Irvine II, developed by Dermody Properties. The R&D affiliate has been part of the Orange County landscape since it initially signed a lease for 90,000 square feet at 81 Bunsen in 2003.
As the leasing dynamics continue to evolve, it remains unclear whether Hyundai will operate both existing and new locations or make a complete relocation. The Irvine Spectrum area currently boasts a low industrial vacancy rate of 0.7%, significantly below the countywide average of 3.1%.
Frequently Asked Questions
What is the size of Hyundai’s new office lease in Irvine?
Hyundai has signed a lease for 133,745 square feet at 2300 Main St. in Irvine.
Which companies hold current leases for Hyundai in Irvine?
Hyundai Capital leases 123,192 square feet at 3161 Michelson Drive and Hyundai Glovis leases 128,813 square feet at 18191 Von Karman Ave.
What is the current vehicle sales performance of Hyundai in Orange County?
In the first five months of 2025, Hyundai sold 3,674 vehicles in Orange County.
Who manages the new office property at 2300 Main St.?
The property is managed by Hines based in Houston.
What is the industrial vacancy rate in the Irvine Spectrum area?
The Irvine Spectrum area has an industrial vacancy rate of 0.7% compared to the countywide average of 3.1%.
Key Features of Hyundai’s Office Lease Deal
| Feature | Details |
|---|---|
| New Lease Size | 133,745 square feet |
| Location | 2300 Main St., Irvine, California |
| Previous Tenant | OptumRX |
| Developed By | LBA Realty |
| Management | Hines |
| Property Owner | Manova Partners Inc. |
| Major Competitors | Ford, Mercedes, Honda, Tesla, Toyota |
| Current Hyundai Leases | Hyundai Capital – 123,192 sq ft; Hyundai Glovis – 128,813 sq ft |
| Vacancy Rate in Irvine Spectrum | 0.7% |
Deeper Dive: News & Info About This Topic
- CoStar: Hyundai Inks One of Southern California’s Largest Office Leases of the Year
- OC Business Journal: Hyundai Leases 134K Sq Ft in Irvine
- Bloomberg: The Billionaire Controlling the US’s Hottest Housing Market
- Wikipedia: Irvine, California
- Google Search: Hyundai expansion Irvine
Author: STAFF HERE HOLLYWOOD
The Hollywood Staff Writer represents the experienced team at HEREHollywood.com, your go-to source for actionable local news and information in Hollywood, 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 Hollywood Bowl summer concerts, the Hollywood Christmas Parade, film premieres at TCL Chinese Theatre, and festivals at the Magic Castle. Our coverage extends to key organizations like the Hollywood Chamber of Commerce and Visit Hollywood, plus leading businesses in entertainment, dining, and tourism that define the local economy. As part of the broader HERE network, including HERELosAngeles.com, HEREBeverlyHills.com, HEREAnaheim.com, and HEREHuntingtonBeach.com, we provide comprehensive, credible insights into Southern California's dynamic landscape.
