A manufacturer of military and commercial optical systems has signed a lease in Irvine for its new headquarters.
Maztech Industries, with offices on Peter Canyon Road in the city, will occupy the 17,500-square-foot facility at 1641 Reynolds Ave.
Terms of the lease were not disclosed by JLL, which represented Maztech. The landlord, The Donald Spencer DeVries Trust, was represented by John B. Collins of Lee & Associates.
The company chose the new location because it comes equipped with modern features, a recent renovation and key location, according to Xavier Nolasco, a vice president at JLL.
Maztech makes things like night vision instruments, wireless communication tools, laser ranging devices and other sportsman accessories.
The company makes optical enhancements for rifles, notably its X4 System created with Magpul, a firearms accessory manufacturer.
An NRA article on the optical system says the technology provides “complete situational awareness to a user while they’re mounted on the gun and viewing the field through their optic.”
This two-story flex-office building with 41,563 square feet in Irvine sold for $11,866,000. (Courtesy of NAI Capital Commercial)
Flex office space sells in Irvine for nearly $12 million
A two-story flex-office building with 41,563 square feet in Irvine sold for $11,866,000, according to NAI Capital Commercial.
The seller was Stivers Investment Co. in Pasadena. The buyer was not identified by NAI.
The building at 8 Hughes was 30% occupied at the time of the sale. Completed in 2000 on 2.39 acres, it can be split into a multitenant building, NAI’s Executive Vice President J.R. Williamson said.
He said the new owner will occupy the vacant portion of the building.
The Koll Co. in Irvine bought this Chefs’ Warehouse building in Las Vegas for $18.55 million in an all-cash deal. (Courtesy of The Koll Co.)
Koll buys in Chef’s Warehouse building in Vegas
The Koll Co. in Irvine expanded its portfolio in Las Vegas, buying a Chefs’ Warehouse building for $18.55 million in an all-cash deal.
The 79,998-square-foot building is not far from Raider Stadium. More than half of it is % temperature controlled, ranging from minus 10 degrees for its freezers to up to 60 degrees for a chocolate/dessert storage area.
The specialty wholesale food distributor services restaurants, hotels, country clubs and fine food stores.
Koll said its latest acquisition brings the Las Vegas portfolio to just under 1 million square feet.
On the move
Tom Schriber is the new property manager of The District at Tustin Legacy. He was previously a property manager at First Washington Realty, overseeing eight retail centers in Southern California, Bakersfield and San Luis Obispo. “I’m honored and thrilled to be joining the Vestar Property Management team,” said Schriber. “It’s a point of pride that my family and I also happen to be longtime customers of The District.”
Aaron Foresman has joined Santa Ana-based System Pavers as director of field marketing. He joins the company with 16 years of experience as a sales operator. His role is responsible for building, developing and growing the team across all U.S. offices. System Pavers, which specializes in outdoor living design and installation, announced recently that it’s expanding to Houston.
Real estate transactions, leases and new projects, industry hires, new ventures and upcoming events are compiled from press releases by contributing writer Karen Levin. Submit items and high-resolution photos via email to Business Editor Samantha Gowen at sgowen@scng.com. Please allow at least a week for publication. All items are subject to editing for clarity and length.
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