X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the industrial market, click here.)

IRVINE, CA-Delphi Automotive Systems has signed a five-year lease for an R&D building at 1 Vanderbilt in the Irvine Spectrum in a deal with landlord Western States Technologies Inc. The 25,665-sf building will serve as an industrial and corporate facility for Delphi, according to Todd Miller, VP of Western States Technologies.

Troy, MI-based Delphi is a manufacturer and distributor of mobile electronics, transportation components and systems technology for the automotive industry. The company plans to use its new Irvine Spectrum facility for various R&D purposes, including the development of automotive prototype parts.

Los Angeles-based Western States Technologies was represented in the $2 million transaction by Trent Walker and Mark Weeks of Voit Commercial in Irvine. Delphi was represented by Steven Golubchik of the Los Angeles office of Jones Lang LaSalle.

Miller comments that the Delphi lease illustrates the popularity of the Irvine Spectrum with companies involved in R&D activities. Western States Technologies owns 11 office and industrial properties in the Irvine Spectrum. Overall, the company owns 15 properties in Irvine, part of a portfolio totaling more than one million sf in Los Angeles, Orange, Riverside, San Bernardino, Ventura and San Diego counties.

The Delphi transaction was one of a number of industrial and R&D leases signed in Irvine lately, including one in which Isotis Orthobiologics Inc. signed a five-year, $2.9 million deal for a 43,538-sf property at 2-A Goodyear.

Walker and Sam Olmstead of Voit’s Irvine office represented the landlord, New Goodyear Ltd., with Greg Haly and Chip Wright of CB Richard Ellis representing Isotis Orthobiologics.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

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
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.