Los Angeles

LA Realty Partners Principal Gary Weiss and Bob Safai of Madison Partners, have arranged an $18 million lease renewal for the law firm of Pachulski Stang Ziehl & Jones. Pachulski Stang has signed a 10-year lease agreement for 32,000 square feet of office space at 10100 Santa Monica Blvd. in Century City, where it has been a long-term flagship tenant. The firm will relocate to the 13^th and 14^th floors as part of an extensive brand new build-out that will optimize the efficiency of their space, while updating and upgrading their offices. “The current market conditions in Los Angeles’ class A markets are ripe with opportunities for established tenants like Pachulski Stang that need to re-evaluate how they utilize office space,” says Weiss. “This lease transaction was a win-win for both the tenant and the landlord,” says Safai. “This lease renewal maintains our firm's key Century City location, while creating a new, streamlined and invigorated work environment. We are pleased with the decision to build-out and relocate to a new floor of the building that has served as our firm's home for more than 25 years,” says Dean A. Ziehl, managing partner of Pachulski Stang. The landlord, Hines Interests, was represented in-house by Todd Later and Eric Lyon.

Megeli Investment LLC purchased 17523 S. Susana Rd., a 29,674-square-foot industrial building in Compton, CA from Bechler Corp. for $2.8 million. Brian Held and Gray Garrett of Grubb & Ellis’ South Bay office represented the buyer in the transaction. Murray Smith and David Prior of The Klabin Company represented the seller.

Orange County

Western States Technologies Inc. revealed that two new leases totaling 9,300 square feet have been signed at the company’s Karman McGaw Business Building. The 31,000-square-foot office/service building is located at 17332 Von Karman Ave. in Irvine, CA. According to Todd Miller, a partner with Western States Technologies, Critical Care Systems Inc. has signed a five-year lease for 5,300 square feet for the single-story building in the Irvine Business Complex. Critical Care Systems is a national home infusion provider offering services to pediatric and adult patients. JR Williamson of NAI Capital in Newport Beach, Calif., represented Western States Technologies in the transaction, with Ross Bourne of CB Richard Ellis in Newport Beach representing Critical Care Systems. The second lease was signed by Gary Becker, founder and owner of Avenue G, which specializes in office design solutions, project management and office furniture sales. Avenue G signed a five-year lease for 4,000 square feet and will be relocating from its current Irvine location. Williamson handled the Avenue G transaction on behalf of Western States Technologies. Brent Mork of NAI Capital in Newport Beach represented Avenue G. With these latest lease transactions, the property is now at 81% occupancy.

Sacramento

Kern County leaders revealed an agreement with a private farming company to provide land for a potential heavy maintenance facility for California’s high-speed train project. Following the announcement, California High-Speed Rail Authority Chairman Curt Pringle made the following statement: “The leaders of Kern County deserve credit for recognizing the enormous potential for high-speed rail to bring jobs and economic opportunity to their region, and working creatively to position their community to compete for the rewards this project will bring. While there are a number of sites still being considered for the system’s heavy-duty train maintenance facility, I welcome today’s announcement as yet another sign that Kern County is a serious competitor and a strong and valuable partner in this exciting and historic project.” The California High-Speed Rail Authority is currently in the environmental analysis phase for all of the sections in the state’s proposed 800-mile system. A heavy maintenance facility that will ultimately serve the state’s high-speed trains is proposed to be located in the Central Valley. The Authority is evaluating nine such facility proposals in its environmental analysis.

Inland Empire

The Saywitz Co. recently negotiated a five-year, $4 million lease renewal on behalf of FiberTech Polymers LLC—a manufacturer of landscape edging and green fiber-reinforced composite fencing. Located at 2150 South Parco Ave. in Ontario, CA, the 118,000-square-foot facility consists of manufacturing, warehouse and corporate office components. Barry Saywitz, president of the Saywitz Co., negotiated the transaction on behalf of the tenant. Jeff Dunlap of Accuride and Parco Land Co. negotiated the transaction on behalf of the landlord. “This transaction was a ‘win-win’ for both parties as it provided the tenant with the opportunity to continue to house its operations in its current facility while providing the tenant with cost reductions and refurbishment monies to upgrade the facility,” says Saywitz. “This lease renewal also provides the landlord the opportunity in the future to reconfigure the site and add additional buildings on the excess land to maximize their use of the property.”