X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

IRVINE, CA-Ceradyne Inc., the Costa Mesa-based technical ceramics manufacturer, has inked a lease for a 40,000-sf production facility in Irvine. The lease agreement, which includes an option to purchase, will allow Ceradyne to expand its production capacity by approximately 40%.

The company anticipates projected growth in demand for its ceramic diesel engine components, ceramic brackets and ceramic armor. Despite the current state of the national economy, Ceradyne sees the potential for producing significant growth in its top-line and bottom-line results in 2002, according to Joel P. Moskowitz, the company’s president and CEO.

The company will move production of diesel engine components and orthodontic brackets from its Costa Mesa manufacturing facility to the new site in Irvine. Located at 17466 Daimler Ave., the Irvine facility is expected to be fully operational by March 2002. Ceradyne will spend an estimated $500,000 in moving costs and capital improvements.

Once the move is completed, the 86,000-sf Costa Mesa facility will be used solely for the production of lightweight ceramic armor and other technical ceramics. This facility is located at 3169 Redhill Ave.

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 2020Event

This conference brings together the industry's most influential & 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.