Panelview, a subsidiary of White Electronic Designs that manufactures high performance, optically enhanced liquid crystal displays. The seven-year lease reportedly begins at about $.91 cents per sf and ramps up from there.
Keith Young of Norris Beggs & Simpson represented Transwestern and co-owner Meadowlark Partners in the transaction. Jay Jacobsmuhlen, owner of Lance Denning Properties represented White Electronic Designs Corp.
The lease comes at a time when the majority of the news from the Sunset Corridor features the high vacancy rates, such as the Industrial/Flex market. According to market research at Norris, Beggs & Simpson, flex vacancy is over 20%, including sublease space.
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