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Steren Takes 130,000-SF HQ

SORRENTO MESA, CA-Local firm Steren Electronics International LLC, plans to relocate its corporate headquarters. The firm signs on for 130,536 sf of office and R&D space for $12.5 million.

By Daniel D. Williams | Updated on March 01, 2006

SORRENTO MESA, CA-Looking to expand its operations, local firm Steren Electronics International LLC will relocate its corporate headquarters. The electronics company will take 130,536 sf of office and R&D space.Details on the deal call for an 84-month lease and is valued at $12.5 million. Chad Urie and Tim Olson of Colliers International represented the property owner, Los Angeles-based REIT Kilroy Realty LP, while Bob Mooney of Grubb & Ellis/BRE Commercial represented Steren Electronics.The Kilroy property, which was developed in 1997, is located at 6260 Sequence Dr. For Steren, the deal allows the firm to expand its local space. The firm also has major operations in Mexico and Miami. Steren is an international electronics manufacturer of products for broadband cable and satellite TV operators, cabling and telephony system contractors and building contractors.For Kilroy, the Steren deal is the latest for it in the Sorrento Mesa area. Late last year, the REIT brought Qualcomm Inc. on board for 67,995 sf at 5717 Pacific Center Blvd. The 10-year lease filled space that had been vacant since 2001.In January 2001, telecommunications supplier Ericsson signed a seven-year lease for the space, but never moved in. The firm would later terminate the lease with a buy-out.In another local project for Kilroy, the firm announced plans last year to develop a 60,000-sf medical office property. Specs on the space call for a three-story building being developed on a 3.4-acre site at the northeast corner of Mira Mira Boulevard and Vista Sorrento Parkway.Kilroy has named the project Sorrento Gateway Medical Plaza. The project has set a completion date of mid-2006. The office will provide both medical offices and an outpatient care facility. In all, Kilroy has 20 acres of land zoned for medical office space in the metro area and as demand dictates, will develop the balance of the land.

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