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IRVINE, CA-Prudential Insurance Co. has signed an eight-year lease renewal at 3333 Michelson Drive, negotiating the deal 11 months before its existing lease was due to expire, according to Grubb & Ellis. The Newark, NJ-based insurance firm has been in 55,000 sf, report Serge Vishmid of Grubb & Ellis’ West Los Angeles office and Chon Kantikovit of the firm’s Newport Beach office, who represented Prudential. The space houses the regional office of the insurance firm’s real estate and relocation services division at the 10-story, steel frame office building, which is owned by Maguire Properties of Los Angeles. Terms of the lease were not disclosed, but industry sources estimate that total consideration is in the neighborhood of $10 million. Maguire was represented by Don Nourse of CB Richard Ellis.

In another office lease renewal in the county, Rockwell Collins Inc. signed for 27,652 sf at 5836 Corporate Ave. in Cypress in a $2.2 million deal. The tenant was represented by the CB Richard Ellis team of Rick Sherburne, Alex Hayden, and Travis Boyd in CBRE’s Newport Beach office. Landlord Mammoth Equities Cypress II LLC represented itself.

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