(Read more on the industrial market.)

FULLERTON, CA-Sasco, the largest privately held electrical and data contractor in the US, has signed a 10-year, $17-million lease for a 221,293-sf headquarters building that the company looked long and hard to find because it had very specific requirements for its new space, according to the Daum Commercial brokers who represented the firm. John Schneider of Daum’s Downtown L.A. office and Rudy Lara of the Daum South Bay office tell GlobeSt.com that they looked for more than a year to find a building that would meet the specific space needs and also meet other requirements for the electrical contracting firm.

Besides needing significant amounts of both office and industrial space, Schneider and Lara explain, Sasco was determined to find a building that would be close to transit facilities so that the company’s employees could get to work by mass transportation. The space that Sasco has signed for is at 2750 Moore Ave., close to both an existing Metrolink station in Fullerton and a new Metrolink station that is under construction a few blocks away in Buena Park.

Sasco’s new building, which the company expects to move into in October, was built in 1990 and features 40,000 sf of office space on two floors, with the remainder being industrial space. The company, which until now has been headquartered in Cerritos, will be consolidating operations from the Cerritos facility as well as from buildings in Sacramento, Santa Ana, the San Gabriel Valley and Newport Beach.

In addition to its 10-year lease, Sasco will have two five-year options to extend the lease on the 2750 Moore Ave. building, which will represent a significant expansion from the total square footage of its other buildings. The company will use the industrial portion of the building for distribution, light assembly and testing.

Schneider and Lara note that the requirement to be located near transit facilities was so important to Sasco that it was a deal-breaker for buildings that did not meet that criterion. They point out that the company will be operating shuttles to the transit hubs for its employees.

Sasco is also considering an expansion within the building that would add to the office portion of the space, increasing it to about 50,000 sf and bringing the total rentable square footage in the facility to 225,693 sf. The building is owned by SFER Real Estate Corp., which was represented by Tom Dorman, Ben Seybold and Rick McGeagh of the Anaheim office of CB Richard Ellis.

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