ORANGE COUNTY, CA-Local brokers today announced a huge lease deal that readers learned about last week: ATL Products Inc. has signed a $16.4-million agreement that will double the size of its current Irvine headquarters and has already begun looking for new workers to help with all its new business.

ATL makes computer tape-storage equipment, like those used to back-up important electronic files and data. The company says it has leased about 180,000 sf in two buildings next to its current global headquarters in Irvine’s University Research Park and will begin moving into the space later this year.

Though broke the news of ATL’s lease agreement last week, the announcement that Grubb & Ellis made today provided some previously undisclosed financial details. Most notably, the lease will run for five years and is valued at $16.4 million, says Scott 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. The transaction includes renewing the lease of about 63,000 sf at ATL Products’ existing location, a nearby complex at 101 Innovation Drive.

Both ATL’s revenue and staff have been growing steadily. Revenue this year is expected to jump to $400 million from $300 million in 1999. It currently employs about 500 people in Irvine and 250 more overseas, compared to a workforce half that size just two years ago, a company official says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.