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Alcatel Inks $10-Mil Conejo Lease

THOUSAND OAKS, CAThe French telecom firm takes 200,000 sf in remodeled Conejo Spectrum.

By David M. Kinchen | Updated on August 01, 2000

THOUSAND OAKS, CA—Alcatel, a French telecommunications and Internet giant, has signed a 10-year, $10-million lease for 200,000 sf in the $50-million Conejo Spectrum business park here.

In a separate transaction, Merex Corp., a Westlake Village, CA-based aerospace parts manufacturer, acquired a 2.5-acre parcel in the Spectrum and plans to build a $2.5-million, 40,000 research-and-development facility.

Meantime, Thousand Oaks-based computer-components manufacturer Xircom Inc. has started construction in the park on its 200,000-sf build-to-suit headquarters complex, set for a September 2001 completion.

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