Builder Plans More Tech Corridor Space

LOS ANGELES-A private developer has purchased 18.7 acres inside themaster-planned Conejo Spectrum in the suburb of Thousand Oaks and plans tobuild up to 300,000 sf of flex-tech space on the site, even as some expertssay demand in the tech-heavy area is slowing in lockstep with the technologyindustry in general.

The 18.7 acres purchased by LA-based Cypress Land Co. are inside the 100-acreSpectrum, at 1515 Rancho Conejo Blvd. The seller is a privately heldpartnership known as Conejo Spectrum Land Associates LLC, which owns theentire park.

The seller was represented by Dan Sibson–a principal of LA-based InvestmentDevelopment Services and project manager of Conejo Spectrum-and by ColliersSeeley International broker John DeGrinis. DeGrinis also represented CypressLand Co. No one involved in the sale would disclose the purchase price.