Kondaur Capital Corporation is relocating its Orange County, California headquarters. The financial services company has leased 28,995 square feet of office space at 333 South Anita Drivein the city of Orange for a five-year term. The firm will be relocating from One City Boulevard. The aggregate value of the transaction is approximately $3 million dollars.
Kondaur Capital Corporation was represented in the transaction by Michael Props, Royce Sharf and Brad Schmitt with global tenant advisory firm Studley’s Orange County office.
“This transaction provides an opportunity for Kondaur to achieve significant savings and efficiencies,” said Props. “This was an excellent overall solution for Kondaur Capital Corporation’s business, minimizing any geographical disruption for its employees while addressing the company’s core business needs.” Kondaur is expected to occupy its new premises in June of 2013.
333 South Anita Drive is a prominent, 10-story, 222,000-square-foot Class A office building. The landlord was represented in the transaction by Greg Brown and David Dowd with Cushman & Wakefield.
Additionally, the Studley team of Sharf, Props and Schmitt completed several other recent lease transactions in Orange County,with an aggregate value of $14 million dollars. Two of the most prominent were executed on behalf of Prudential—a 10,788-square-foot transaction at 3333 Michelson Drive and a 12,742-square-foot lease at 5 Park Plaza, both in Irvine. “Favorable lease terms have spurred market activity, with many tenants taking advantage of the‘flight to quality’ opportunity. A decline in the number of large blocks of Class A space has likely prompted some organizations to expedite occupancy decisions as well,” said Sharf.
Based in Orange, California, Kondaur originates loans, services loans and works hard to find mutually beneficial solutions for those borrowers who have fallen behind. Kondaur has advanced the loss mitigation strategies, which are recognized for keeping borrowers in their properties and avoiding foreclosure. Our expert staff of professionals is entirely U.S. based with offices in California, Florida, Michigan and New Jersey.
Studley is the leading global 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 24 offices nationwide and an international presence through 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. For more information, please visit www.studley.com