ALISO VIEJO, CA—Parker Properties will begin construction on a four-story, 205,000-square-foot build-to-suit project for MicroVention, a neurovascular company that will invest approximately $100 million in the project. The subsidiary of Terumo Corp. will relocate its world headquarters to the Summit Office Campus here once construction is completed.

Jeff Cannon, corporate managing director of Savills Studley, represented MicroVention, while a CBRE team led by Carol Trapani represented Parker Properties in the transaction. HFF acted as the capital-markets advisor representing Parker.

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