Koll Will Invest $4M-Plus in 77K-SF Flex Upgrade

SOcal Real Estate | July 19, 2018

The Koll Company has acquired a 77,000-square-foot flex building at 1361 Valencia in Tustin, California from an undisclosed buyer for an undisclosed amount. The two-story building offers office/R&D space, plus 20,000 square feet of high0bay warehouse space including two dock-high loading doors.

Koll has begin major renovation on the property with is adjacent to the Irvine Business Complex, with a total capital investmet of greater that $4million to upgrade the building for a new prospective tenant. The transformation will include enhancements to the exterior, new landscaping, signage, common-area amenities, and tenant improvements.

Scott Meserve, a principal with The Koll Company, says the renovation will provide the level of modern building amenities that company owners and employees expect in today’s market. Regarding the acquisition, he says, “Its strategically located building with significant potential, and we’re excited to add it to our Orange County portfolio.”