The company will take 9,418 sf at the Equity Office project, according to the terms of the $1.2-million agreement. It will occupy suite 2360 in the facility, which is located at 1100 Town & Country Rd. The new tenant plans to move from its current site in Santa Ana to the Orange location in July.
Cory Napora of Resource Commercial Real Estate Inc. acted on behalf of First American Lending Corp. Jim Harper represented Equity Office.
The transaction comes as new research on Orange County says the region is suffering from an excess of office product. This surplus of office space is expected to cause deterioration in market conditions in the months ahead, according to a recently published report by Marcus & Millichap Real Estate Investment Brokerage Co. Researchers here say the average vacancy rate is expected to increase to 19% over the next 12 months, while the average rent is expect to decline by 5% during 2002.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 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.
