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January 23, 2021
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Optima Tax Relief Signs Renewal/Extension Lease in Santa Ana


Optima Tax Relief has agreed to a long-term lease renewal and expansion at Elevate@Harbor, an eight-acre office campus in the South Coast Metro submarket of Santa Ana. Optima, a tenant since 2012, will take an additional 2k sf and consolidate its space into an entire 77.5k sf, three-story building which will now serve as its corporate headquarters.

Optima’s HQ is the smaller of two mid-rise glass curtain wall buildings that comprise the 197,350-square-foot Elevate@Harbor located at 3100-3130 Harbor Boulevard. The move by Optima allows Kearny to market the120k sf, five-story building with 24k sf floor plates as a multi- or single-tenant building.

Kearny acquired the property from The Colton Company for $34.8 mil in January 2018. The Los Angeles-based firm is completing an extensive $20 mil renovation of the office campus later this summer. Improvements include a refreshed building exterior, updated corridors, bathrooms and elevator cabs, private tenant patios, tenant lounge, conference center and an indoor/outdoor fitness facility. Additional features include 40k sf of elevated patio space between the two buildings, an event lawn, and a renovated on-site café with outdoor dining areas. Elevate@Harbor is structured and surfaced parked at 4:1,000.

The property is part of the South Coast Metro submarket within the Greater Airport Market in Orange County, which has been at the center of commercial real estate activity in the last few years. Recent developments include the Hive, the headquarters for the Los Angeles Chargers, Van’s purchase and renovation of its global headquarters, and The Press, a 24-acre redevelopment of the former Los Angeles Times printing press facility that Kearny and the Tribune Media Company sold to Steelwave, LLC and Invesco in late 2017.

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