THOUSAND OAKS, CA
-- Ground was broken this week (July 11) for the Mediterranean-styled, $4
million Moody Court Corporate Center in Thousand Oaks, CA which has been 60 percent
pre-leased by Baja Fresh for
their company headquarters, announces Westcord Commercial Real Estate Services.
A project of TR
Funding LLC of Westlake Village, CA, Moody Court Corporate Center is a two-story, 22,000
sq. ft. office building located 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, reports that Baja Fresh earlier signed
a 10-year lease valued at $3 million for occupancy of the building's entire 12,000 sq. ft.
second floor upon completion scheduled for the first quarter of 2002.
The move accommodates Baja
Fresh's substantial growth plans, including expansion to more than 160 restaurants in 12
states by year-end, Principe said. Approximately 45 people will be employed at the
site by Baja Fresh.
According to company
officials, "Baja Fresh" is the preeminent brand in quick-casual, fresh Mexican
food, known for its high-quality menu and fresh salsas with memorable flavors, served for
eat-in or take-out in a convenient and clean restaurant environment.
Noting that the office
vacancy rate in the immediate area of Moody Court Corporate Center is virtually zero,
Principe said the new office building is the only project of its kind underway north of
the Ventura Freeway.
Designed by Neil Scribner
of Thousand Oaks and being built by Squire Construction Corporation of Newbury Park, the
new office building is a steel frame, Class A structure 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, 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 10,000 sq. ft., said Principe, the
project's exclusive marketing agent.
"Office space desired
by corporate and service type tenants is at a premium in Conejo Valley where the vacancy
rate remains at historical lows. The TR Funding project aims to fill that
void," Principe said.
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. |
