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BREA, CA-The office market in Orange County is tightening to the point where not only class-A space is hard to find, but class-B vacancy is also plummeting in some areas. Scott Meserve, EVP of the Koll Co., tells GlobeSt.com that in Brea, class-B vacancy rates should be entering the single digits shortly.

As GlobeSt.com reported earlier this week, theKoll Co. has signed the IMS Co., which was recently acquired by Zodiac Aerospace of France, to what is being hailed as the largest office-lease deal in Orange County so far this quarter. IMS has taken 81,077 square feet of space at 2929 Imperial here, bringing the two-story, 121,153-square-foot office park to full occupancy; the long-term lease is valued in excess of $11 million.

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