The facility, which encompasses 42,090 sf, will be occupied by aNew York-based bar code technology company. Slated to occupy thespace in November 2001, the new tenant will be relocating fromCosta Mesa to the Lake Forest facility. The building is located at25541 Commercecentre Dr. in the Palm Terrace project.

The tenant, Symbol Technologies Inc., was represented by ScottGranger of Julien J. Studley Inc. The landlord, Laguna Niguel-basedBirtcher Real Estate Group, was represented by Doug Mathews andGary Allen of Grubb & Ellis' Newport Beach office.

The latest deal has occurred just as a new report aboutmanufacturing activity in the county has been released. The report,published by Chapman University, shows that although the county'smanufacturing sector has contracted for the second consecutivequarter, the decline is not as severe as it was in the firstquarter.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.