Ford will move out of the five-story, 181,000-square-footbuilding that Taco Bell has leased and will continue to occupy theother, a 90,000-square-foot building, according to senior vicepresident Kevin Bender of CB Richard Ellis. Bender and Mark Spragueof CBRE represented Taco Bell, while CBRE's Dean Chandler and JeffMorgan represented Ford in the lease, terms of which were notdisclosed.

Bender tells GlobeSt.com that Taco Bell expects to move into thenew space in January and February of 2010. Taco Bell Corp., whichis a unit of Yum! Brands Inc., has been in Irvine for 20 years andis now in about 220,000 square feet in two buildings on Von KarmanAvenue in a lease that expires in 2010.

Although the company will be occupying less space in the newheadquarters, Bender says that the number of Taco Bell employees inthe new building will remain the same at about 600. "They aretaking advantage of a first-class facility where they will be ableto redesign their headquarters in a more efficient fashion," hetells GlobeSt.com. "The building they are moving into will enablethem to enhance the environment for their employees and thebranding for their company."