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N  E  W  S        R  E  L  E  A  S  E

Ansoorian and Associates
Public Relations
17615 Kittridge Street
Van Nuys, CA 91406
818-881-1183


Building 60% Leased
STEEL FRAMING COMPLETED FOR MOODY COURT OFFICE
PROJECT IN THOUSAND OAKS; JUNE OCCUPANCY SET



THOUSAND OAKS, CA -- Steel framing has been completed for the $4 million Moody Court Corporate Center in Thousand Oaks, which is 60 percent pre leased by Baja Fresh for their company headquarters, announces Westcord Commercial Real Estate Services.  A June completion is set.

A project of TR Funding LLC of Westlake Village, CA, Moody Court Corporate Center is a two-story, 22,000 sq. ft. office building being built on 1.4 acres of land at 100 Moody Court, Thousand Oaks, just north of the Ventura Freeway (101).

Tony Principe, executive vice president of Westlake Village-based Westcord, exclusive marketing agent for Moody Court, reports that Baja Fresh signed a 10-year lease valued at over $3 million for occupancy of the building's entire 12,000 sq. ft. second floor. The move accommodates Baja Fresh's substantial growth plans, including expansion to more than 200 restaurants in 12 states by year-end, Principe said.  Approximately 45 people will be employed at the site by Baja Fresh.

Designed by Neil Scribner of Thousand Oaks and being built by Squire Construction Corporation of Newbury Park, the Mediterranean-style office building is a steel frame, Class A structure to be distinguished by a staggered facade, red tile roof and generous window exposure on both levels.  Other features include four per 1000 sq. ft. of surface parking plus street parking, generous landscaping and elevator access, and a dramatic lobby accenting marble floors, maple-covered walls, and a stainless steel staircase.  Space is available from 4000 to 9,000 sq. ft., said Principe.   Monument signage is available. Even with the addition of various new office properties along the 101 corridor, interest in the balance of space in this project has been strong.

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.



4/01/02

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