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ORANGE COUNTY NEWS
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Hines Inks 650k sf of Leases at Its OC Properties in 2014

12/22/14

Texas-based Hines has seen 650k sf of leasing in its Orange County portfolio during the last twelve months. Hines and funds managed by Oaktree Capital Management L.P. (Oaktree) are now focused on leasing their other projects in Orange County.

Savi Tech Center, Yorba Linda
Savi Tech Center, Yorba Linda
"Our vacancies include 50k sf in Alton Corporate Plaza in Irvine; 120k sf in 1750 E. Fourth Street in Santa Ana; and 200k sf in Brea Place in Brea,” said Mark Jacobs, managing director with Oaktree. “To drive leasing efforts, we are planning to execute nearly $15 mil of capital improvements over the next six months. In addition, we are actively working to secure an anchor tenant for our new office development at 17850 Von Karman that will include 242k sf over nine floors," said Mark Jacobs, managing director with Oaktree.

Notable leases during 2014 include:

• Rockwell Collins signed a 175k sf lease in Alton Corporate Plaza. The aviation electronics solutions company was represented in lease negotiations by Senior Managing Director Louis Tomaselli and Senior Vice President Steve Wagner of JLL's Orange County office. Executive Vice President Joe Bevan and Managing Director Wade Clark of JLL's Orange County office represented Hines.

• Spireon, headquartered in Irvine and the leading innovator of Mobile Resource Management (MRM) and Business Intelligence Solutions, signed a 65k sf lease at Alton Corporate Plaza, bringing the occupancy of the project to 85 percent. Executive Vice President Joe Bevan and Managing Director Wade Clark of JLL's Orange County office represented Hines.

• Nobel Biocare signed a 125k sf lease in Savi Tech Center located in Yorba Linda. The dental implant manufacturer was represented in lease negotiations by Senior Managing Directors Justin Hodgdon and Drew Netherton of Newmark Grubb Knight Frank. Savi Tech Center is 95 percent leased.

• Harvest Christian Fellowship leased 106k sf in 17600 Gillette in Irvine. Harvest Christian Fellowship was represented in lease negotiations by Managing Partner Lin Stinson of Segovia Capital Partners. 17600 Gillette is now 100 percent leased.

• The Enthusiast Network ("TEN"), formerly known as Source Interlink Media, signed a 61k sf lease at 1821 East Dyer Rd, an office building within the Irvine Business Complex (IBC). TEN is the world's premier network of enthusiast brands such as Motor Trend, Automobile, Hot Rod, and Surfer magazines. 1821 East Dyer Road is now 100 percent leased. Executive Vice President David Marino of Hughes Marino represented TEN. Executive Vice President Joe Bevan and Managing Director Wade Clark represented Hines.

In addition to the above leases, Hines and Oaktree have completed over 100k sf of leases with prominent companies such as Alta Resources, HomeStreet Bank, Manufacturers Bank, The Outsource Group, and Veolia Water.







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