Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOS ANGELES-Publicly traded Ixia has renewed its 84,124-sf headquarters lease at the Corporate Center at Malibu Canyon in Calabasas. The maker of IP performance test systems sign a five-year lease estimated at $13.8 million, according to an SEC filing.

The lease, which commences in June 2008 upon expiration of its existing commitment, will keep Ixia at the Corporate Center at Malibu Canyon through May 2013. The lease rate starts at $2.56 per sf per month ($2.6 million per year) ramps up to $2.88 per sf ($2.9 million per year) in the final year of the lease, according to Ixia’s 8-K filing.

The lease includes a five-year extension option and certain rights of first refusal to lease additional adjacent space. The lease also includes a $1.15-million tenant improvement allowance and a free parking at a ratio of 3.8 spaces per 1,000 sf leased.

Fronting on the 101 Freeway on Agoura Road, just west of the Las Virgenes exit, Corporate Center at Malibu Canyon is a 384,000-sf multi-building campus development. The lease is for all of two buildings and a portion of a third. Ixia leases all of 26601 West Agoura Rd., a 50,000-sf (net rentable) building; all of 26701 West Agoura Rd., a 21,612-sf building; and approximately 29% of 26677 West Agoura, a 43,658-sf building.

Staubach brokers Gary Horwitz, Alan Aufhammer, Tony Morales, and Michael Siteman represented Ixia. Tom Dywer from CB Richard Ellis and David Binswanger of Lincoln Property Co. represented the property owner, Lincoln Property Co. (MS LPC Malibu Holdings LLC), which acquired the property from the Calabasas-based Johnston Group in November 2006 for $90 million. Johnston, which retained the property management assignment, began developing the complex in 1985.

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?



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 © 2022 ALM Media Properties, LLC. All Rights Reserved.