THOUSAND
OAKS, CA -- Medtronics, a maker of 3D and holographic images for a variety of
products, has leased a 7042 sq. ft facility at the $14 million Grande Vista Business Park
in Thousand Oaks, CA, announces Westcord Commercial Real Estate Services.
Medtronics will use the
facility for sales and distribution activities. Tony Principe and Jim Darin of Westcord
represented Burke Real Estate Group, the property owner. The five-year lease is valued at
$440,000. Concurrently, Principe and Darin sold the building occupied by Medtronics to
Conejo Valley investors for $739,000, representing both buyer and seller. The Westcord
brokers revealed that the final two buildings in the
22-building complex are currently in escrow.
Grande Vista Business Park
is perched on a strategic, high visibility eight-acre site just north of Highway 101 at
the Wendy Dr. exit. The business park, designed for moderately sized businesses who may
opt to own their space, comprises buildings ranging from 5568 to 15,000 sq.ft., with a
total of 140,000 sq. ft. of space. Principe said the prime locale of Grande Vista Business
Park allows building owners and tenants to take advantage of extensive freeway exposure
and signage opportunities. The concrete tilt-up buildings feature 14'x14' ground level
loading doors, 16 foot clearance height and expandable offices.
Westcord is one of the Los
Angeles area's top 25 commercial real estate companies with offices in Westlake Village,
CA, and Van Nuys, CA. |
