Southwood Pharmaceuticals, which specializes in packaging and distributing pharmaceutical products, will relocate from the Irvine Spectrum in February. The company will occupy a 21,100-sf facility, which is located at 60 Empire. The space will accommodate Southwood Pharmaceuticals' space needs, as it is one of the county's fastest growing pharmaceutical firms. Its annual revenues are growing at more than 100% per year, according to a company spokesperson.

Southwood Pharmaceuticals was represented by Dean Krieger and Mark Jerue of Lee & Associates Irvine Spectrum office. Jerue, along with Lee & Associates colleague Craig Fitterer, also spoke on behalf of the lessor, Olen Properties.

Lake Forest's industrial sector has experienced a positive net absorption of 163,408 sf over the first nine months of 2001, as compared with the Irvine Spectrum, which has experienced a positive net absorption of 624,406 sf.