Industrial / 2025

2 Sterling

Irvine, California

LocationIrvine, California
PlatformDermody
StatusCompleted
Scale92,000 SF
Project budget$42M

The investment case

An Orange County industrial redevelopment shaped around an existing asset, a demanding infill context, and the need to preserve optionality while repositioning the site.

Move sideways through the development narrative below.

Project narrative

From investment case
to built outcome.

01 / 01
01 / 01

Investment premise

Read the opportunity

Redevelopment begins with inherited conditions. Existing improvements, site access, utilities, jurisdictional requirements, and market expectations were assessed together to establish a practical basis for the repositioning strategy.

The work required tight coordination among design, entitlement, cost, and construction disciplines. Early decisions focused on where intervention would create durable value and where unnecessary scope would dilute the investment case.

The resulting asset presents a modern, market-ready identity while retaining the discipline of an infill redevelopment. The architectural expression is clear, but the underlying value comes from resolving constraints before they migrated into construction.

The project reflects a repeatable capital principle: protect optionality until risk is understood, then concentrate investment on the improvements that most directly support leasing, operations, and long-term competitiveness.

2 Sterling, Read the opportunity
2 SterlingIrvine, California
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