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3/18/16
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Image Options has inked an 88-month lease for more than 100k sf of industrial space in Foothill Ranch. The lease value was not disclosed.
The lease is at 80 Icon, east of Portola Pkwy and north of the 241 Toll Rd. The property, which features 20k sf of office space, a 20k sf HVAC production area and seven loading docks, is owned by DCT Industrial.
CBRE’s Brian Cole and Gregg Haly represented Image Options, a leading retail, exhibit & events visual marketing services provider for clients such as IKEA, Dior and Oakley. The deal is one of largest industrial leases in the South Orange County region so far in 2016.
Demand for high-end industrial space in the Greater Los Angeles and Orange County region has fueled increases in rental and sales rates for commercial space, and has resulted in historically low vacancy rates, and diminishing concession packages, as the market remains constricted and very competitive, according to the latest CBRE research.
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