Building Owners and Managers Association

Improving the Performance of the Commercial Real Estate Industry
Congratulations BOMA International TOBY Winner
LBA Realty Receives International Award for The Outstanding Building of the Year
Tuesday, June 28, 2016
by: Robin Jochims

Section: Association Business

The Outstanding Building of the Year® (TOBY) Awards honor the best of the best in commercial buildings.  It is the only competition that honors outstanding commercial buildings for excellence in building management and operational efficiency. 
BOMA Orange County is pleased to congratulate our 2016 BOMA International TOBY® Award winner. Of hundreds of buildings competing locally and regionally, 84 buildings across the globe made it to the international competition, with 15 buildings walking away with the highest honor.
Congratulations LBA Realty for winning the International TOBY competition.
Park Place Irvine
BOMA International TOBY Winner
Renovated Building

Owned by: LBA IV-PPI, LLC, a Joint Venture between LBA Realty and Principal Real Estate Investors
Managed by: LBA Realty
Square Footage: 1,870,104
Since its construction in the mid 1970’s, Park Place has enjoyed a rich history as one of Orange County’s most recognizable landmarks. This iconic office building was originally developed by the Fluor Corporation and served as their international corporate headquarters until 1995.
Located in the heart of the Irvine Business District, Park Place is bordered by the 405 Freeway and Jamboree Road in the City of Irvine, providing access to a number of Southern California’s major transportation corridors and positioned just one mile from the John Wayne Airport.  Park Place is a distinctive, 1.8 million square foot corporate complex, situated within a thriving 105 acre mixed use development of office, residential and retail amenities.
Park Place is uniquely designed with distinctive architectural features. Situated in a park-like setting, with lush landscaping, the project features a 10-story Corporate Tower, a single story Concourse and the 4-story Atrium buildings all under one roof and served by one central plant. This distinctive landmark was purchased by LBA Realty in 2009 with the vision of transforming the property and repositioning it within the Orange County market.
Park Place has just completed one of the most ambitious redevelopment projects in Orange County’s history.  A phased, multi-million dollar renovation led in partnership by architectural firms Gensler and Associates and LPA Architects, the project included dramatic enhancements to building entries, landscaping, common areas, and amenities. Committed to environmental stewardship, LBA Realty incorporated energy saving building system retrofits, new technologies, and a sustainable landscape pallet to the project scope.
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