Stearns Lending Inks Two OC Leases

ORANGE COUNTY, CA-Stearns Lending Inc., a privately held nationwide lending institution encompassing correspondent, wholesale and retail business channels, has signed two leases here for a total of 62,517 square feet. The firm has taken 41,076 square feet at 555 Anton, part of the MetroCenter at South Coast campus in Costa Mesa, and 21,441 square feet at 1851 E. 1^st St., also known as Xerox Centre, in Santa Anta.

Jack McNutt, executive managing director of Newmark Grubb Knight Frank, represented the tenant on both leases. RREEF, owner of MetroCenter at South Coast, was represented by Brian Harnetiaux of Transwestern, while 1851 East First Street Investors LLC, owner of the Xerox Centre, was represented by Justin Hill and Simon Dillon of CBRE. Stearns Lending is anticipated to take occupancy of both locations on or before May 1.