TUSTIN, CA—CapRock Partners, a privatecommercial real estate investment firm based in Orange County, hasunveiled its final plans for Radius(www.RadiusOC.com), the company's innovative new officeredevelopment project in Tustin, CA. Currentlyundergoing a $2.5 million redevelopment, this highly evolved officeoffering will be available for occupancy during the firstquarter 2016.
"Radius represents both a natural evolution, and afirebrand revolution, of the office market in OrangeCounty," said Jake Loughridge, vice presidentof CapRock Partners and the lead on the project. "Over the pastdecade, we've seen a massive movement away from traditional officespace - and toward modern work spaces with collaborative areas andindoor/outdoor connective spaces. We've also seen companiesyearning for a better way to work, in an environment that is inline with their corporate culture and with the major cultural shifttoward work/life balance. Radius will be the first project in itsmarket to deliver on these desires."
CapRock Partners acquired the project now known as Radius in anoff-market transaction. Located at 14191 MyfordRoad in Tustin, Radius encompasses 7.4 acres and a totalof 110,000 square feet that was originally designed as premiumindustrial space. With its premier location within theamenities-rich Jamboree Rd/ 5 Freeway/ 261 TollRoad corridor and abundant surface parking and outdoorspaces, the CapRock team immediately identified an opportunity toredevelop the asset, re-positioning 70,000 square feet for a singleuser looking for its own identity in a contemporary officeenvironment. The remaining space was leased at the close of escrowby a tenant in-tow, as part of the original transaction.
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