X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HUNTINGTON BEACH, CA-Screen printing firm Hybrid Promotions LLC, in a relocation from Cypress, has signed a 45-month sublease with Quiksilver for 178,930 square feet of headquarters space in a 426,235-square-foot industrial building at 5600 Argosy Circle that will serve as the new headquarters for Hybrid. The relocation will bring more than 200 jobs to Huntington Beach, according to Voit Real Estate Services, which negotiated the transaction between Quiksilver and Hybrid.

Rob Socci, an EVP in the Anaheim Metro office of Voit’s brokerage division, says that the 5600 Argosy Circle building represented a ‘plug-and-play’ screen printing operation opportunity for Hybrid, which can take advantage of existing tenant improvements that work well for its business. Socci, along with Joe Miller, also of Voit Real Estate Services’ Anaheim Metro office, represented both Hybrid and Quiksilver.

The Hybrid sublease is one of a number of tenant transactions that have closed lately, suggesting that action is increasing in that arena. “The tenant market is picking up, as companies look towards experienced brokerage firms to assist them in lowering their current rents or relocating to newer locations with added concessions,” explains Kurt Strasmann, managing director of Voit’s Anaheim Metro office.

Strassman cites four recent transactions, including a 37,144-square-foot office lease by Ossur North America, a prosthetic limb manufacturing company. Ossur signed a six-year lease valued at $5 million for the space, which is at 27051 Towne Center Dr. in Foothill Ranch and will serve as Ossur North America’s headquarters. The company is consolidating three office locations from Aliso Viejo and Camarillo in order to be closer to its Foothill Ranch-based manufacturing facility.

Mike Hefner of the Voit Anaheim Metro office, who represented Ossur along with Trent Walker of Voit’s Irvine office, says that Voit’s assignment included evaluating multiple strategic solutions for Ossur, such as expanding at its existing location or relocating its entire manufacturing operations. The landlord in the lease, Metropolitan Life Insurance Co., was represented by Greg Brown and David Dowd of Cushman & Wakefield.

The other transactions that closed recently included a 26,070-square-foot industrial lease by Bivar Inc., a manufacturer of PCB assembly and packaging hardware, for space at 4 Thomas in Irvine; a 36,837-square-foot industrial lease by dental supplies distributor Aero-Med Ltd. at 2721 Harbor Blvd. in Santa Ana; and a 70,000 square-foot industrial leae with 100% freezer space by Nasco Gourmet Foods at 5401 Santa Ana Ave. in Ontario.

Bivar was represented by Socci and Peter Castleton of Voit, who also represented building owner First American Trust; Aero-Med was represented by Hayden Socci and Rob Socci, with landlord Cancilla Properties represented by Craig Sullivan of Collins Commercial; Nasco and landlord Americold Realty were both represented by Brian Corrigan of Voit.

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.