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5/11/10
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Premier Business Centers, the national executive suites operator based out of Irvine, has entered into a long term management agreement with Brea Imperial LLC to help them develop, manage and operate an executive office suite center in Temecula. The center, set to open on July 1, 2010 with 40 offices, is located at 41593 Winchester Rd, just west of I-15 and Jefferson Ave.
Premier is assisting the owner with the design, layout and overseeing the construction of the new executive office suite on the second floor of building, within North Jefferson Business Park. Once construction of the suite is completed, Premier will be responsible for managing and operating the suite on a turnkey basis for the building owner.
The downturn in the economy and the commercial real estate market has left building owners with historically high levels of vacancy and not a lot of prospective tenants to fill large blocks of vacant office space. In contrast, executive suite operators are seeing an increase in demand for their product, given their ability to provide short term flexible rental agreements.
“In an uncertain economic environment, there is no better place to rent space than an executive office suite, where flexibility is one of our greatest value propositions” commented Jeff Reinstein, Chief Executive Officer of Premier Business Centers.
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