Deal-Wrap: Cal Quality Electronics
February 27, 2012
By: Natalie Dolce
... Cal Quality Electronics renewed its corporate headquarters lease for 57,000 square feet at 2700 S. Fairview St. here. 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% in savings over the life of the transaction,” Cannon says. “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. ...
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