Hobby Products International will occupy 45,190 sf at theFoothill Business Center, according to the terms of the five-yearagreement. The 78,328-sf facility is located at 70 Icon. It is oneof three buildings that comprise the Foothill campus. HobbyProducts specializes in the sale, assembly and distribution ofremote control vehicles.

Christine Bowen and John Matus, both of Lee & Associates'Irvine Spectrum office, represented Hobby Products International.Gregg Haly of CB Richard Ellis' Newport Beach office, handled talksfor building owner, Opus Real Estate America III.

Office vacancies are on the rise in Foothill Ranch andneighboring South County regions, according to a third-quarterreport published by Cushman & Wakefield of California Inc. Theoverall vacancy rate here stood at 37.6% at the end of the thirdquarter, having jumped significantly from 30.9% at the end of thesecond quarter.

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