X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SANTA ANA, CA-StorageTek, the Louisville, CO-based data storage company, has signed a lease for 11,796 sf of office space at Santa Ana’s Nexus Twin Towers.

The transaction is valued at nearly $2 million. The new space, which stands at 1 MacArthur Place, will be used by the company’s Western Region office personnel. They will move from their current Main Street location.

A CB Richard Ellis brokerage team consisting of Rick Sherburne and Travis Boyd acted on behalf of StorageTek. Both men are based in the firm’s Orange County office. The landlord, Imperial Promenade Associates, was represented in-house by Jeff Bitetti.

Third quarter 2001 brought a negative net absorption of 403,000 sf to the Orange County office market, according to research by Delta Associates Inc., an affiliate of Chicago-based property giant Transwestern Commercial Services. This figure illustrates a significant drop from second quarter 2001, when the market experienced a positive net absorption of 564,000 sf.

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

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.