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Emulex Leases Shea Center Roseville Building

ROSEVILLE, CA-The publicly held maker of computer peripherals leases 44,000 sf of a 48,000-sf building within Shea Properties' eventual 11-building office park.

By Brian K. Miller | Updated on July 10, 2007

ROSEVILLE, CA-Publicly held Emulex Corp. has leased a building at Roseville Center, an eventual 11-building office park adjacent the 1.1-million-sf Galleria Mall that is being developed by Shea Properties. The two developments sit at the confluence of Interstate 80 and Highway 65.

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.

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