Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ONTARIO, CA-IndyMac Bank has signed a 74-month lease for 40,000 sf of office space at Costa Mesa-based Armstrong-Butcher’s new Airport Corporate Centre in one of the largest office leases in Ontario this year, according to CB Richard Ellis. Natalie Bazarevitsch, one of six CBRE brokers who put the deal together, tells GlobeSt.com that the new space represents an expansion from 10,000 sf that IndyMac now occupies elsewhere in Ontario. IndyMac was represented by Todd Doney of the Los Angeles office of CBRE, along with Bazarevitsch, John Oien and David Waggoner of the Ontario office. Armstrong-Butcher was represented by Taylor Ing and Michael Day of the Ontario office. The lease is valued at more than $6 million. The bank will occupy the top two floors of Airport Corporate Centre at 3300 E. Guasti Rd. and is expected to move in late this year. It will add an estimated 150 additional jobs to its existing Inland Empire operations, which currently employ approximately 100 workers, according to Dale Lazerson, VP of corporate real estate for IndyMac.IndyMac is one of a number of companies based in Los Angeles and Orange County that “have been eyeing the Ontario market for a while now,” Ing notes. As housing and population have boomed in the Inland Empire in recent years, financial and professional services firms have been establishing offices here and expanding existing operations. Armstrong-Butcher is one of a number of developers that have broken ground on new Inland Empire office projects in recent months to capitalize on the growing demand for office space. Its Airport Corporate Centre is a 350,000-sf project being developed in three phases, the first of which consists of eight buildings totaling 118,000 sf.Airport Corporate Centre will become part of the Centrelake development adjacent to the Ontario International Airport on East Guasti Road between Turner and Haven avenues. Phases II and III will include a minimum of nine buildings and will offer build to suit opportunities.

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?


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.