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SAN DIEGO, CA-The Irvine Co. has snagged a new tenant for its Canyon Ridge Technology Park in Sorrento Mesa, as a graphics company has inked a 60-month lease to occupy the entire 73,936-sf mixed-use facility. The transaction is valued at $4.8 million.

Continental Graphics Corp., which specializes in reprographics, imaging, CGX press and micrographics, is planning to move to the office and R&D building in January 2003. The property stands at 6910 Carroll Rd.

The Irvine Co. was represented by Eric Northbrook, Chad Urie and Brian Driscoll of Colliers International. Steve Rosetta and Rick Kaplan of Cushman & Wakefield acted on behalf of Continental Graphics Corp.

San Diego’s office and R&D markets both reported steady increases in net absorption during the second quarter of this year, according to a study by Burnham Real Estate Services. The office market experienced 680,110 sf of net absorption, while the R&D sector absorbed 452,545 sf.

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