TUSTIN, CALIF. (December 4, 2013) – Coreland Companies Senior Vice President of Brokerage Steven Hogberg recently executed three office leases at Fountain Valley Business Center, bringing the office building to 100% leased. The three deals, totaling over 15,000 square feet, account for over $1.3 million in lease consideration.
Among the three transactions, not-for-profit youth counseling group Western Youth Services signed a five year lease for 8,000 square feet, and medical credentialing firm Gemini Diversified leased 5,500 square feet in a 5.5 year deal. Western Youth Services was represented by Roger Niez of NAI Capital, and Gemini was represented by Coreland Companies Associate Tim Muller.
“These are two of the largest single tenant deals completed in Fountain Valley in the second half of 2013, and we are proud of the fact that they will bring occupancy to 100% for the first time in over 10 years,” confirms Hogberg, who has represented the property for over 20 years.
“In my career of working the West Orange County office market, I’ve never seen the level of activity we’ve experienced in the past quarter. We currently have deals pending at all listings and have signed multiple leases at each of our West Orange County Coreland listings.”
An additional 2,043-square-foot, three-year was lease was signed with Choice Equity.
The 50,000-square-foot Fountain Valley Business Center is located off the 405 Freeway and Euclid Street. It is owned by K&A Investments LP.