IRVINE, CA-GlobeSt.com has learned exclusively thatHoriba Instruments Inc., a US operationssubsidiary of Horiba International Corp., theregional holding company in North and South America for theworldwide Horiba Group (whose parent isHoriba Ltd. of Kyoto, Japan), has completed athree-legged property transaction worth more than $20 millioninvolving the sale of the firm's current US corporate headquartersbuilding and the purchase of two additional properties. Thepurchase includes a different corporate-headquarters building and aparcel of vacant land owned by the Irvine Co.

Horiba Instruments manufactures and distributes an extensivearray of instruments and systems for applications includingautomotive testing, process and environmental monitoring, in-vitromedical diagnostics, semi-conductor manufacturing and scientificanalysis.

Stephen Schloemer, SVP of ColliersInternational, represented Horiba in the threetransactions. According to Schloemer, “Horiba purchased theproperties in order to extend its 40-plus-year roots in OrangeCounty and expand and consolidate all of its Irvine-basedoperations into a single structure. This was an opportunity thatwill allow the company to be more efficient and to strengthen itslong-time presence in Orange County.”

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.