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Firm Gets Go Ahead to Convert Former Teledyne Plant to Office Space

LOS ANGELES-Planners give unanimous blessing to Hileman Co.'s conversion and expansion of aformer Teledyne plant, clearing the way for work to begin as early as next month.

By David W. Myers | Updated on October 30, 2000

LOS ANGELES-Planning officials have approved Hileman Co.’s plans to renovate and expand the former Teledyne Electronics plant in Thousand Oaks, and Hileman execs say they could start demolition work at the site as early as next month.

LA-based Hileman wants to convert the property, at Lawrence Drive and Hillcrest Avenue, into a four-building, low-rise office park with a total of 275,000 sf. Two office buildings–one occupied by semiconductor giant Conexant Systems Inc.–currently stand on the site, as does a vacant manufacturing facility.

Hileman Co. is no stranger to such ambitious projects. It recently acted as development manager for LA-based Kearny Real Estate Co./Morgan Stanley’s Pasadena Business Park, which involved the conversion of an obsolete manufacturing facility. The development was 100% leased before it was even completed.

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