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3/31/15
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United Scope, LLC, an online supplier of microscopes and accessories, has relocated to Irvine Business Complex after inking a sublease deal for 50.3k sf of space at 14370 Myford Rd in Irvine. The building is a 100.2k sf light manufacturing and distribution facility on the campus of Jamboree Business Center. The lease terms were not disclosed.
United Scope subleased the property from La Jolla Group LLC, a multi-brand apparel licensing company that held a long-term lease for 200k sf of space at the complex. The transaction included a substantial concession package with multiple months of free rent and a tenant improvement allowance for United Scope. The space also came with its existing racking for high-pile storage, additional savings for the tenant.
Newmark Grubb Knight Frank (NGKF) Managing Director Byron Foss, Senior Managing Director Wade Tift and Managing Director Nick Carey represented United Scope in the transaction. The company previously occupied 25k sf in the Irvine Spectrum office and industrial park. The NGKF team located a tenant, Oceania International Inc, to sublet United Scope’s space before its relocation.
Gregg Haley and Chip Wright from CBRE represented La Jolla Group in the sublease transaction.
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