Costa Mesa-based Emulex signed a five-year lease for 44,000 sf of a 48,000-sf building that it is being built out primarily for office use but will include some lab/data center space. The value of the lease is approximately $5.6 million, which averages out to a per-sf price of $25.45 per annum. Occupancy is scheduled for October.

Roseville Center is planned as a 560,000-sf business center built out as four "mini campuses," including office condominiums for sale and office space for lease. Since ground broke for the $120-million office project in 2003, Shea Properties has developed four buildings on the 36.5-acre property and Kaiser Permanente has developed another. Old Republic Title occupies one building, Emulex will occupy another, and the University of Phoenix and Shea Homes share a third building.

In Shea Properties' fourth building, a two-story, 32,000-sf building, office condominiums are currently for sale. Approximately one-third of the suites have been sold. Buyers include medical users, a legal firm, a real estate appraisal service, and a software developer.