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Orix Developing 151,400-SF HQ for Hotan Corp.

LIVERMORE, CA-Orix Real Estate Capital of Chicago breaks ground here for a $15-million build-to-suit office and industrial building for Hotan Corp., a distributor of magnetic devices such as blank CDs and DVDs. The company will purchase the new building upon its completion in July.

By Brian K. Miller | Updated on February 15, 2005

LIVERMORE, CA-Orix Real Estate Capital Inc. of Chicago broke ground here this week for a $15-million build-to-suit office and industrial building for Hotan Corp., a distributor of magnetic devices such as blank CDs and DVDs. The 151,400-sf building will be the company’s new US headquarters, which is currently in leased space in Dublin, CA. Hotan will purchase the new building upon its completion this summer.The new building will occupy 10.25 acres at the northwest corner of North Canyons Parkway and Airway Boulevard, within the 110-acre Tri-Valley Technology Park, approximately 40 miles southeast of San Francisco and adjacent to the I-580 freeway. In addition to being the developer, Orix also is funding 100% of the project cost. The building will include 22,700 sf of office space on two levels and 128,700 sf of warehouse and distribution area. The office area will have a curved glass façade and a two-story atrium. The warehouse-distribution portion of the building will have a 24-ft. clear height, 50 x 52-ft. bays, 224 parking spaces and 11 truck docks.Hotan is a wholly owned subsidiary of Taiwan-based CMC Magnetics. Hotan US headquarters is currently at 6700 Golden Gate Dr, Suite B, in Dublin. The new Livermore building is scheduled for completion in July. Orix Real Estate Capital (formerly Orix Real Estate Equities) develops, acquires, finances and manages real estate in the US and Canada. An Orix executive was not available Tuesday for comment on the Hotan project. Orix EVP Kurt Pairitz is serving as project executive; Kathy Olson is the project manager. The project architect is San Ramon, CA-based Ware & Malcomb. The general contractor is Pleasanton, CA-based EW Thorpe Inc.

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