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Growing PennyMac Leases 142,000-SF Office Building

MOORPARK, CA-The residential mortgage firm, founded in 2008, needed a larger building to support its future business plan, says CBRE’s Tom Dwyer.

By Bob Howard | Updated on July 13, 2011

MOORPARK, CA-Growing residential mortgage firm PennyMac has signed a five-year lease for a 141,977-square-foot office building at 6101 Condor. Senior vice president Tom Dwyer of the Camarillo office of CB Richard Ellis says that it’s the largest office lease in Ventura County so far this year.

Dwyer, who represented building owner Calabasas BCD along with CBRE senior vice president Michael Slater in the Camarillo office, says that PennyMac needed a larger building to support its future business plan. The company, which was founded in 2008, is moving to the Moorpark building from Calabasas. PennyMac is already partially moved in and is scheduled to complete the move by year-end.

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