Western States Inks Leases With Three Technology Companies

IRVINE, CA-The local office of Western States Technologies, a Los Angeles-based real estate investment company, has signed leases with three new tenants in deals totaling $3.6 million. The leased space is located at Western’s three Irvine Spectrum properties.

J-MAR Semiconductor, a designer and manufacturer of high-performance semiconductors for the international telecommunications market, signed a five-year, $2-million lease for a 26,000-sf industrial/corporate headquarters facility at 1 Vanderbilt, which it will fully occupy. The company, which focuses its business on telephone, video and computer networks, was represented by Voit Commercial Brokerage’s Irvine office, as was Western States.

Data Connection will occupy 50% of the industrial/corporate headquarters facility at 3 Goodyear. The firm is leasing 15,000 sf for five years in a transaction valued at $1 million. The facility will serve as the firm’s assembly, storage and distribution center for electronic semiconductor components and software development. The firm was represented by Lee & Associates’ Irvine Spectrum office. Western States was represented by Voit Commercial Brokerage’s Irvine office.

Virtium Technology signed a three-year, $600,000 lease for 14,000 sf at 41 Parker. The firm will occupy the entire industrial/corporate headquarters building for the design and manufacturing of high-density memory for the telecommunications, medical imaging and industrial automation industries. Western States was represented by CB Richard Ellis’ Newport Beach office and an independent broker in the transaction. Virtium was represented by Irvine-based Stop Realty.

“We’re seeing a tremendous surge in demand for this type of space in the Spectrum, where availability of existing space is diminishing fast,” says Todd Miller, VP of Western States. “The spectrum market continues to tighten up, making it tougher for technology companies to find quality space with desirable floor plans.”

Miller adds that these new leases were executed in record time for the company, averaging 35 days from the time each property became available.