T
he Kelemen Company plans to convert a significant portion of its 10-story office tower in Irvine into medical facilities. The company, which owns The Atrium at 19200 Von Karman Avenue near John Wayne Airport, has been granted entitlements to transform 115,000 square feet into medical offices. This move is part of the growing healthcare sector in Orange County, with a $1.3 billion medical complex being built by the University of California, Irvine.

    The Atrium, a 335,100-square-foot building constructed in 1986, will provide office space for various medical services. The Kelemen Company's CEO, Tibor Kelemen, stated that this development supports the expanding healthcare sector and enhances the community's quality of life. The company purchased the property in 2018 for $106.8 million.

    According to CBRE, Central Orange County's market for healthcare services is growing, with a vacancy rate of 5.9% for medical offices in the Greater Airport Area. This trend is expected to continue as the population grows and demand for healthcare services increases. The Kelemen Company, which manages 1 million square feet of commercial assets in Orange County, has identified an opportunity to meet this demand by converting office space into medical facilities.