Search
 

Optics Firm Sets Eyes on Woodland Hills

LOS ANGELES-Optical Communication Products Inc. pays $18.7 million to privately held Toibb Elins Properties for 142,000 sf of office and industrial space in Warner Center area.

By Erin Cassin | Updated on June 19, 2001

LOS ANGELES-An office and industrial facility in the Warner Center area of Woodland Hills has been sold for $18.7 million to a manufacturer of fiber optic systems. The buyer, Optical Communication Products Inc., plans to occupy the 142,000-sf facility at 6101 Variel Ave. by the end of the year. It will use the majority of the building for management, administrative, sales, marketing and research and development activities.

By purchasing the Warner Center building, OCP will also free up more space for manufacturing at its current location in nearby Chatsworth. “With this acquisition, we believe we will have adequate space for growth for at least the next few years,” says Muoi V. Tran, OCP’s chairman and CEO.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.