Electronics company Epson, best known for its eponymous line of computer printers, has leased the entirety of the 150,000-square-foot Katella Office Campus in Los Alamitos, according to an announcement from landlord LPC West.
The move, which is expected to occur in the summer of 2020, will relocate Epson America's headquarters from Long Beach to Orange County.
LPC West recently completed upgrades to the 9.6-acre property, and is planning additional improvements in light of Epson's move.
“Our renovations have transformed the Katella campus into a Class A office product in one of the most well-located markets in Orange County,” said Parke Miller, Executive Vice President at LPC West in a statement. “We look forward to welcoming Epson – a market leader and one of the most important companies in the technology and printing space – to our Katella Office Campus.”
Epson was represented by Grafton Tanquary and David Kundrave of CBRE in the transaction, while LPC West was represented by Rick Warner and Chip Warner of CBRE, as well as Shaun McCullough and Jeff Colburn of Lee & Associates.
Biometrics firm Gemalto Cogent Inc. has signed a lease for 54,811 square feet of office space at 3100 New York Drive in Pasadena, reports the L.A. Business Journal.
The company is relocating from a nearby building in Sierra Madre Villa Avenue, in a deal valued at approximately $14 million.
The Business Journal also reports that WeWork is continuing its aggressive expansion across the Los Angeles area, signing a lease for a 40,000-square-foot location at 5161 Lankershim Boulevard in North Hollywood. The new location will accommodate 570 people.
In Glendale, The Real Deal reports that cloud-based software company ServiceTitan has leased 125,000 square feet of space at 800 N. Brand Boulevard in Glendale, relocating and expanding upon its existing headquarters across the street at 801 N. Brand. The company is taking space formerly occupied by Nestle, which relocated its American headquarters to Washington D.C. in 2017.
- This Week's Leases (Urbanize LA)