X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FULLERTON, CA-Foxconn, a manufacturer of technology-oriented products, has signed a $4 million sublease for industrial space in Fullerton.

The four-and-a-half year agreement will allow Foxconn to take 172,800 sf at the industrial complex. Foxconn already occupies the remaining space at the 406,000-sf property, which contains more than 10,000 sf of office space. The company will now be the complex’s sole occupant, according to Shan Lee, a Daum Commercial Real Estate broker who worked on the deal.

The sublessor, Concord Disc Manufacturing, has relocated to another facility. The company never even occupied the building, according to Lee. “They were using the facility for storage,” he says.

When Concord left the facility, which is located at 486 Lambert Rd., it was just a shell. Now that Foxconn has taken Concord’s space, improvements are being made to the complex. “Foxconn has already finished all the office improvements,” Lee says.

Lee represented both Foxconn and Concord Disc Manufacturing in the transaction.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.