X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ANAHEIM, CA-Targus Inc., a maker of cases and other products for laptop and notebook computers, has signed a five-year lease renewal with Kilroy Realty for 200,646 square feet of industrial space at the Los Angeles-based REIT’s Kilroy 597,147-square-foot Anaheim Technology Center. The building is the headquarters for Targus, which is the sole tenant in the 200,646-square-foot building.

The Targus building, at 1211 North Miller St., is one of five buildings that make up the Anaheim Technology Center, which was built in 1999 and is listed as 100% leased in the latest Kilroy Realty annual report. Terms of the lease were 57 cents per square foot per month, triple-net, with 3% annual increases, adjusted in the 30th month.

Targus was represented by senior vice president Thomas Murphy and executive vice president Jeffrey B. Ingham of Jones Lang LaSalle, who also represent Targus on international locations. Kilroy was represented by Rob Socci and Brian Corrigan of Voit Commercial Brokerage.

Targus chose to stay in the Kilroy building after considering locations in the Inland Empire as well as Central Orange County, Targus chief financial officer Vic Streufert said in a statement. He said that the company, which has 45 offices worldwide and distribution in 145 countries, concluded that remaining at Murphy notes that the Targus building is located in a redevelopment area that includes a new Kaiser Permanente Hospital, a renovation of a former Boeing Campus and a mixed-use transit oriented residential development with access to the Metrolink and freeway systems.

The Anaheim Technology Center is part of a Kilroy North Orange County industrial portfolio that totals about 3.7 million square feet and was 93% occupied at the end of the third quarter of 2008, according to Kilroy execs who commented during the REIT’s third-quarter conference call in October.

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

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