Chipotle inks deal for 2 floors at Irvine Co.-owned building at Newport Center

The firm is relocating its corporate headquarters from Denver

Jul.July 16, 2018 02:00 PM
Chipotle exec Brian Niccol and the property (Credit: GoodFreePhotos)

Chipotle, the fast-casual Mexican food chain, has signed a deal to occupy two floors at an office building at Newport Center, just steps from Fashion Island, a bustling retail complex in Newport Beach.

The firm will be subleasing from CareerBuilder, which occupies nearly 23,000 square feet at 610 Newport Center Drive, the Orange County Business Journal first reported. The sublease term runs through September 2020, according to marketing materials from JLL, the listing brokerage.

In May, the company announced it would be moving its headquarters, as well as roughly 400 employees, from Denver to Orange County. The move is expected to complete by the fourth quarter of 2018.

Chipotle’s new office will be in a 274,000-square-foot office building with 18 floors, and includes a health and fitness center, outdoor common areas and cafes. It’s part of a cluster of office buildings, collectively known as the Newport Center Collection, owned by Irvine Co., one of the largest private landlords in Southern California.

Late last year, Chipotle announced it had signed a 15-year, 152,000-square-foot lease in a new 40-story skyscraper in Denver as it strived to consolidate its two offices in the city. The firm said it will find a sublease or replacement tenant at the office tower, which is owned by Hines.

Brian Niccol, Chipotle’s recently appointed CEO, is a former longtime resident of Orange County. He previously served as CEO at Taco Bell, which is headquartered roughly 10 miles from Newport Beach.

Ryan Hawkins and Scott Wetzel at JLL had the listing for the sublease.

Related Articles

From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

3339 Exposition Blvd. and Asher Luzzatto

Luzzatto Co. assembling creative office hub in West Adams

Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office

La Mirada industrial building

Clarion pays $77M for La Mirada industrial project

510 Park Avenue and CEO of Monster Beverage Rodney Sacks

Monster Beverage affiliate guzzles down industrial project in San Fernando

From left: Saeed Nourmand, Michael Nourmand, Grant King and Richard Heyman

Relevant Group sues Nourmand & Associates’ founder, alleging extortion over hotel projects