MicroVention Terumo Acquires Office Building in Aliso Viejo

MicroVention Terumo Acquires Office Building in Aliso Viejo

Elisabetta Rossi
2 min read

MicroVention Terumo's Purchase of California Office Building Reflects Changing Real Estate Landscape

MicroVention Terumo, a leading medical device maker specializing in catheters for stroke treatment, has made a significant real estate move. The company has acquired an office building in Aliso Viejo, California, for $44 million, a substantial 45% reduction from the original list price of $63.8 million. The notable transaction, facilitated by the seller Pacific Life Insurance, includes plans for MicroVention Terumo to relocate a portion of its newly hired workforce to the building after implementing cosmetic upgrades this fall. The purchase underscores the evolving dynamics of the commercial real estate market and the company’s strategic expansion endeavors.

Key Takeaways

  • Acquisition of office building in Aliso Viejo at a 45% discount relative to the listed price by MicroVention Terumo, a premier medical device manufacturer specializing in catheters for stroke treatment.
  • The property, belonging to the Summit Office Campus, was constructed in 2008 and is situated adjacent to MicroVention Terumo's existing headquarters.
  • Notable features of the property include a whale statue, serving as a tribute to the Pacific Life logo, which will be retained due to state regulations.
  • Pacific Life initially purchased the building in 2007 for $15 million and subsequently listed it for sale at $63.8 million.
  • MicroVention Terumo intends to occupy the building in the near future following planned aesthetic enhancements.


The purchase of the California office building by MicroVention Terumo for $44 million, significantly below the initial asking price, signifies a shift towards a favorable environment for buyers within the commercial real estate sector. Pacific Life Insurance, the seller, originally acquired the property for $15 million in 2007, illustrating the potential volatility in the valuation of commercial properties. This transaction could set a precedent for other organizations to pursue similar advantageous deals, influencing the broader real estate market. Moreover, MicroVention Terumo's expansion initiatives are poised to generate employment opportunities, leading to positive local economic impacts. However, the financial ramifications for Pacific Life and the potential implications of undervalued asset divestitures warrant attention. Furthermore, this transaction sheds light on the influence wielded by Japanese conglomerates like Terumo within the US market.

Did You Know?

  • Specialization in Catheters for Stroke Treatment: MicroVention Terumo is renowned for its expertise in designing, developing, and manufacturing medical devices, particularly catheters utilized in the treatment of strokes. Catheters, slender and flexible tubes, are introduced into the body, usually through blood vessels, for diverse medical interventions. In this context, MicroVention Terumo's catheters play a pivotal role in addressing strokes, a condition arising from an interruption or reduction in blood supply to the brain, leading to the demise of brain cells.
  • Significance of Real Estate Price Adjustments and Negotiations: The acquisition of the Aliso Viejo office building for $44 million, well below the initial listing, signals potential shifts within the local real estate market, likely due to a slowdown or accelerated seller disposition. Negotiations between buyers and sellers frequently culminate in final sale figures that deviate from initial price indications, reflective of market dynamics, property condition, and bargaining power.
  • Whale Statue and Pacific Life Iconography: The acquired office building is adorned with a whale statue, paying homage to the Pacific Life Insurance logo. Pacific Life Insurance, a provider of financial services encompassing life insurance, annuities, and investment products, prominently features a whale in its logo, symbolizing strength, stability, and protection. Per state regulations, the whale statue is mandated to be retained, underscoring its status as a significant landmark even amidst ownership changes.

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