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.

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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.

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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."

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The One Premier tower will be reconfigured to include officespace for the restaurant chain's development, finance, foodinnovation, human resources, legal, marketing, and operations teamsas well as test kitchen facilities, meeting space for nationaltraining, consumer testing amenities and child care facilities.

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The building that Taco Bell will be moving into has been homefor Ford Motor Co.'s western headquarters for Ford and LincolnMercury sales and customer service and the company's Californiadesign center since it was built. In addition, the facility hasserved as the North American headquarters for the Ford Volvo andJaguar Land Rover subsidiaries.

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Ford sold Jaguar Land Rover to Tata Group of India in June,2008, and Volvo continues to be a Ford subsidiary. Volvo and JaguarLand Rover are separately relocating their North Americanheadquarters to New Jersey by the end of this year, which vacatesapproximately half of the 181,000-square-foot building. The otherhalf will be vacated when the remaining Ford and Volvo employees inthe building move to the 90,000-square-foot building next year.

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