Monex occupies about 45,000 sf at 4910 Birch St. The structure was erected as a built-to-suit for the company 28 years ago by locally based Koll Development.
Koll sold the building to Monex in 1994. Monex then sold it to Southland-based Olen Properties in 1997 and leased it back for four years.
The term of the metals dealer's renewal agreement with Olen is for another four years. John Spiezia, president of Irvine-based Spiezia Corp., represented both Monex and Olen in the lease renewal.
"The Newport Beach area has seen some softening, but it has generally stabilized at its current levels and is holding well," Spiezia adds.
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