ATL makes computer tape-storage equipment, like those used toback-up important electronic files and data. The company says ithas leased about 180,000 sf in two buildings next to its currentglobal headquarters in Irvine's University Research Park and willbegin moving into the space later this year.

Though GlobeSt.com broke the news of ATL's lease agreement lastweek, the announcement that Grubb & Ellis made today providedsome previously undisclosed financial details. Most notably, thelease will run for five years and is valued at $16.4 million, saysScott Read of Grubb & Ellis' Newport Beach office.

Read represented ATL in the negotiations. The owner, Irvine Co.of Newport Beach, was represented in-house by Mike Hodges. Thetransaction includes renewing the lease of about 63,000 sf at ATLProducts' existing location, a nearby complex at 101 InnovationDrive.