CERRITOS, CA-Memorex Products Inc. has signed a 10-year lease for 21,480 sf at Torrance-based Transpacific Development Co.'s new building at 17777 Center Court Dr. in the Cerritos Towne Center, according to Thomas G. Irish, president of Transpacific.

Memorex, currently located in Santa Fe Springs, plans to relocate the corporate headquarters in September. Financial terms of the transaction were not disclosed, but the asking rate for the class A space in the seven-month-old building is $2.25 per sf per month, gross.

Memorex will occupy the top floor of the 165,000-sf, eight-story building. The move will represent an expansion and a consolidation for the company, which occupies offices in several locations in Santa Fe Springs. Michael Golacinski, president and CEO of Memorex, points out that the company is remaining in the Mid-Cities market despite the address change. He notes the firm has been in the Mid-Cities area for many years and that many of its workers live close to the area.