Market Trend: Select Top Five Orange County Office Leases Signed in Q4 2013
March 4, 2014


Western Digital

The select top office lease signed during the fourth quarter of 2013 in the Orange County market was at San Canyon Ave. - Bldgs A, B, C in the Irvine Spectrum submarket. Hoag Memorial Hospital Presbyterian leased 150,000 square feet there. Newmark Grubb Knight Frank represented the landlord.

Avanir Pharmaceuticals, Inc. leased 60,583 square feet at Summit Office Campus - Phase V in the Laguna Hills / Aliso Viejo submarket. Cushman & Wakefield, Inc. represented the landlord, while Newmark Grubb Knight Frank represented the tenant.

Western Digital Corporation leased 60,250 square feet at 3355 Michelson Dr. in the Irvine submarket. Cushman & Wakefield, Inc. represented the landlord, while Studley represented the tenant.

Ghost Media signed a 44,820-square-foot lease at 41 Discovery in the Irvine Spectrum submarket. The Irvine Company represented the landlord.

First Service leased 44,592 square feet at 15241 Laguna Canyon Rd. in the Irvine Spectrum submarket. The Irvine Company represented the landlord.

This trend is compared to the U.S. National Office select largest new lease signings occurring in Q4 2013, which include the 515,457-square-foot deal signed by GroupM Worldwide at 3 World Trade Center in the New York City market; CME Group, Inc.'s 449,000-square-foot office lease at the World Finance Center - NYMEX building; Valean Pharmaceuticals International, Inc. taking 310,000 square feet in the Northern New Jersey market; Cogo, Inc.'s lease of 234,484 square feet and Zebra Technologies Corp. leasing 233,286 square feet, both in the Chicago market.

Market Trend: Select Top Five Orange County Office Leases Signed in Q4 2013




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