In a separate transaction, Merex Corp., a Westlake Village,CA-based aerospace parts manufacturer, acquired a 2.5-acre parcelin the Spectrum and plans to build a $2.5-million, 40,000research-and-development facility.
Meantime, Thousand Oaks-based computer-components manufacturerXircom Inc. has started construction in the park on its 200,000-sfbuild-to-suit headquarters complex, set for a September 2001completion.
The three transactions are part of a Southern California trendthat finds high-tech firms snapping up renovated industrialbuilding complexes that–like the Conejo Spectrum project–have beensubstantially remodeled and expanded.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
