Thank you for sharing!

Your article was successfully shared with the contacts you provided.

IRVINE, CA-Ditrans Corp. has relocated its corporate headquarters to the Irvine Spectrum with the signing of a two-year lease with The Irvine Company for 12,342 sf of office space.

Founded in 1998, the semiconductor company has already occupied the space at 21 Technology Drive, which is larger than its former space also located in Irvine, according to Bruce Warren, CFO of Ditrans.

“Our company is growing rapidly and so our space needs present special challenges. We leased our initial space in MacArthur Court from The Irvine Company knowing that we could easily expand into larger space with The Irvine Company properties as the company grew,” Warren said.

The new space it four times larger than the company’s former location, and in closer proximity to prospective employees, both factors in the relocation decision, Warren added.

Barry Gail of Cushman and Wakefield’s Irvine office represented Ditrans in the transaction. The Irvine Company represented itself. Average asking full-service rental rates at Irvine Spectrum are $3.01 per sf per month for class A, and $2.65 per sf per motnh for class B. Vacancies have risen to 18.79%, up from 7.69% in 2nd qtr of 2000.

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?


Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.