10-Year Lease Renewal, Expansion Worth $26M

CALABASAS, CA-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that Ixia has renewed and expanded its lease in the Corporate Center Calabasas here. The new 10-year lease is worth an estimated $26 million that will expand its space from 85,000 square feet to 113,000 square feet.

With the expansion space, Ixia will occupy four of the buildings at the Corporate Center Calabasas and will continue to use 26601 Agoura Rd. as its headquarters. The buildings are owned by Lincoln Property Co., which was represented by Tom Dwyer from CBRE. The Corporate Center Calabasas contains eight buildings totaling 360,991 square feet which were mostly built in 1989.