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VENTURA COUNTY NEWS
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Rantec Microwave Exercises Buy Option on 44k sf Westlake Village Ind Building

5/30/14

Rantec Microwave has purchased for $5.3 mil the 44.2k sf ($120/sf) Westlake Village industrial building it leased 18 months ago. Rantec, one of the leading manufacturers of defense, communications and satellite antennaes, elected to exercise an option to purchase the property from the seller, Beverly Hills-based Black Equities.

The building is located at 31186 La Baya Dr, adjacent to Thousand Oaks Blvd off Lindero Canyon Rd, just north of the 101 Fwy. It contains 13k sf of recently renovated high-image office space on two levels, 31k sf of warehouse/manufacturing space that Rantec uses to manufacture its antennae components, five dock-high and one ground-level loading doors, and parking for 108 automobiles. It’s also located near Westlake Village’s retail amenities, including the Four Seasons Hotel, and has direct access to the 101 Fwy.

Rantec, which originally leased the high-quality industrial building in 2012, was represented in both this most recent purchase transaction and in its original lease negotiations by Daum Commercial’s Kevin Tamura and Ron Berndt.

Black Equities, a real estate investment and development firm that owns commercial properties throughout the nation, was repped by Colliers Senior Executive Vice President John DeGrinis, SIOR; Vice President Patrick DuRoss; and Associate Vice President Jeff Abraham, who are all based in the firm’s Encino office.

“This is a unique deal because there are very few industrial buildings like this in Westlake Village and few transactions occurring right now in the entire Conejo Valley marketplace,” said DeGrinis. “This particular company liked the combination of industrial space and the larger-than-average component of office space and has combined the two into both a high-tech manufacturing plant and a corporate headquarters facility.”






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