The five-year deal will allow the social services organizationto relocate its South Orange County branch office to 26311 JuniperoSerra. The transaction is valued at $1.2 million.

Rick Sherburne, Travis Boyd and Alex Hayden of CB Richard Ellis'Corporate Services Group represented the Regional Center of OrangeCounty. The organization provides services to the disabledcommunity through its social workers and case aids.

The San Juan Capistrano office sector experienced a positive netabsorption of 12,655 sf during the first nine months of 2001. Theregion's overall vacancy rate stood at 25.7% at the start of thefourth quarter, with a sublet vacancy rate of 0.7%, according toresearch by Cushman & Wakefield. The overall average weightedrental rate for office property in the area stood at $2.26 at theclose of the third quarter, according to the Cushman &Wakefield statistics.