LOS ANGELES-A start-up telecom company will occupy a 40,000-sf industrial building in Sylmar from building owner World Oil Corp. Quintessence Photonics Corp. signed a five-year lease deal valued at $1.4 million.

Quintessence will use the space to develop and manufacture fiber optic components.The building is located at 15632 Roxford St. Quintessence is slated to occupy the space in mid-June. Around 30 employees will be housed at the site.

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