IRVINE, CA-Data Center specialist Latisys has expanded its local operations with the signing of a lease for 94,433 square feet of industrial space here. The latisys lease is one of a number of three transactions that have closed lately in the county, including an executive suites office lease and the sale of an Office Depot.

The Latisys lease is a $7.7 million deal for space at 17622 Von Karman Ave. that is owned by MDD Partners II LP, which was represented in the lease by John Griffin of the Irvine office of Voit Real Estate Services. Griffin says that among the factors attracting Latisys to the property was its proximity to the Latisys Irvine Colocation Center near Jamboree and McGaw Avenue.

Latisys, which was represented by Wade Clark of Jones Lang LaSalle, was founded in June, 2007 in conjunction with Great Hill Partners and Catalyst Investors to deliver colocation services including safe and secure managed backup and disaster recovery solutions, information technology operations and infrastructure solutions.

In another Orange County deal, Irvine-based Premier Business Centers has inked another lease for its eighth deal this year. The new location is at the Anaheim Hills Office Plaza's‭ ‬160‭ ‬N. Riverview Drive, where Premier signed a long term agreement 25,000‭ ‬rentable square feet, consisting of the entire second floor.

The Anaheim Hills facility marks Premier’s 20th location in Orange County‭ and ‬59th in the US, according to Jeff Reinstein,‭ CEO of ‬Premier. The Irvine-based company is the largest privately owned executive suite operation in the US.

In the Office Depot sale, Marcus & Millichap reports that the buyer, a company with global operations, acquired the 28,014-square-foot property from a private investor and plans to occupy it. Lance Perry, an investment specialist in Marcus & Millichap’s Newport Beach office who was the listing agent, explains, “The transaction had multiple moving parts and hurdles to overcome as Office Depot had signed a lease to expire in 2015 and built the building for its specific use in 2000. Office Depot had decided to shut down its operation at this location, even though it was paying rent, and sub-leased the space to Hahm Motorsports.”

In July 2009, Hahm Motorsports vacated the building, which is at 1120 S. Anaheim Blvd. “The fact that it was a dark big box in this market presented both challenges and opportunities in the marketing and sale process,” says Perry. The property generated 15 offers from a wide variety of buyers, according to Perry, who notes that, “Although many offers were from developers and investors, we ultimately chose the buyer for two reasons: One, they planned to operate their business at the location and two, they are an extremely large, well-known global retailer with AA credit.”