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September 17, 2019
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ORANGE COUNTY NEWS
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Primary Color Systems Corp Leases 187k sf OC Facility

8/16/17

Primary Color Systems Corp inked a 10-year lease for a 187.5k sf facility in Cypress that the firm intends to use as its corporate HQ. The lease value was not given out.

The property, located at 11130 Holder St, is a high-image light-manufacturing building, formerly occupied by Vanís Inc. Itís situated in one of the regionís prime locations to efficiently service clients in both the Los Angeles and Orange County markets. This latest lease serves as an expansion and consolidation of existing facilities in the area.

Primary Color Systems is consolidating its Orange County and South Bay operations into this state-of-the-art headquarters facility. The global visual solutions provider had occupied facilities in Costa Mesa, Irvine and El Segundo. The company has sales offices in San Francisco and Atlanta and operations in Hollywood and Shanghai.

CBREís Nick Spatafore and Wade Tift of Jones Lang LaSalle Inc represented the tenant in the deal. Rick Ellison of Cushman & Wakefield repped the landlord, Cypress Distribution Center Inc.

Industrial fundamentals remained consistent in Orange County despite activity declining during the second quarter, according to CBRE research. The drop was not due to a lack of tenant demand or a softening market, but rather a function of the market tightening, leaving fewer options. Despite lack of available space, Orange Countyís gross activity and net absorption since 2010 averaged 12 msf and 1.5 msf annually, respectively.





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