Orange County, CA (February 15, 2012) - Cal Quality Electronics renewed its corporate headquarters lease for 57,000 square feet at 2700 South Fairview Street in Santa Ana, Calif.
Jeff Cannon, corporate managing director, and Paul Jones, associate, with global tenant advisory firm Studley’s Industrial Services Group, represented the manufacturer in the transaction. The 10-year lease is valued at approximately $5.5 million.
“This was an opportunity for Cal Quality to restructure its existing lease one year early and realize 33 percent in savings over the life of the transaction,” said Cannon. “We also secured $1 million in ‘turn-key’ tenant improvements to fund significant facility upgrades and increase operational efficiency.”
2700 South Fairview is a one-story flex manufacturing space totaling 116,133 square feet.
The landlord, Barclay Associates, was represented in the transaction by Rick Hertel of Corporate Real Estate Services and Jeff Mitchell of Voit Real Estate Services.
About Cal Quality Electronics
Cal Quality is an electronic contract manufacturer, offering engineering, PCB assembly, testing and supply chain management for original equipment manufacturers and electronics companies in a broad range of markets. The company’s manufacturing capabilities include turnkey solutions, consignment services and JIT/Kan Ban partnerships. Production quantities range from prototypes through volume production runs with full in-house testing.
Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, Studley pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, with 22 offices nationwide and an international presence through its London office and AOS Studley, a partnership with Paris-based AOS, Studley provides strategic real estate solutions to top-tier corporations, not-for-profit organizations and law firms. Information about Studley is available at www.studley.com.