Litigation Firm Extends Lease in Orange County
- Aug 18, 2017
Litigation firm Callahan & Blaine extended the lease term for its 32,000-square-foot office space in Orange County. The company is a long-standing tenant of the 10-story building at 3 Hutton Centre in Santa Ana, Calif.
The property is located just off Costa Mesa Freeway. Tenants include Psomas, Yardi and the U.S. Social Security Administration. Completed in 1985, the 198,000-square-foot asset underwent renovations in 2002. According to Yardi Matrix data, the building is currently 90.5 percent occupied.
“The firm will soon begin renovations to eliminate functionally obsolete areas, such as file rooms and storage rooms, and will replace them with a multi-purpose room and upgraded café, additional conference rooms,” Chon Kantikovit, managing director with Cushman & Wakefield’s Irvine office, said in a prepared statement. Kantikovit represented the tenant in the lease extension.
Cypress Office Properties acquired the property from TIAA in 2016 for $30.5 million. CBRE serves as property and leasing manager.
Image courtesy of Cushman & Wakefield