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LA PALMA, CA-A technology manufacturer has renewed its lease for commercial office space at Centerpointe La Palma in a five-year deal valued at $1.3 million. The tenant will continue to occupy 11,054 sf at the La Palma complex, which is located at 1 Centerpointe Dr.

The tenant, Honeywell, was represented by David Dowd of Cushman & Wakefield. The landlord, Arden Realty Inc., was represented in-house by Michael Latham.

Lease activity in the office sector has been slowing in recent months, as corporations are tightening their belts in the face of a shaky economy. As other companies have been consolidating their operations, Manatt, Phelps & Phillips recently announced that they plan to open a new Orange County office in Costa Mesa this month. The firm signed a lease for 10,000 sf of office space in The Offices of South Coast Plaza, as reported by Globest.com. Seven Manatt lawyers, including the firm’s co-founder Thomas D. Phelps, will base their practices in Orange County.

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