Coreland Companies Negotiates Six Leases Valued at nearly $3 Million at One Pacific Plaza Office Center in Huntington Beach

TUSTIN, CA – Coreland Companies of Tustin, Calif., one of the largest real estate service companies based in California, announced that its leasing / sales division has recently negotiated additional lease transactions at One Pacific Plaza, a 400,000-square-foot office building located in Huntington Beach, Calif.

As the exclusive leasing agents for One Pacific Plaza, Steven Hogberg and Matt Hammond of Coreland Companies negotiated the following six lease transactions on behalf of the owner, Mullrock 1–Beach Pointe, LLC. Coreland also represented some of the tenants.

Shekinah, Inc. signed a five-year lease, two-month lease for 11,121 square feet for a total consideration of approximately $1,483,908. The tenant was also represented by Hammond at Coreland.

Inno Group LLC signed a five-year lease for 3,455 square feet for a total consideration of approximately $444,046. The tenant was represented by Coreland’s Hogberg.

Stop Loss Insurance signed a three-year, one-month lease for 3,332 square feet for a total consideration of approximately $240,237. The tenant was also represented by Hammond at Coreland.

Brenda Le Mortgage signed a three-year, two-month lease for 2,170 square feet for a total consideration of approximately $152,443. The tenant was represented by Baker Morphy of Trammell Crow Company, Irvine.

Allied Electronics signed a four-year lease for 1,950 square feet for a total consideration of approximately $193,577. The tenant was represented by Linda Barden of CB Richard Ellis, Newport Beach.

Broughton Hospitality Group signed a five-year lease, three-month lease for 1,829 square feet for a total consideration of approximately $232,374. The tenant was also represented by Hogberg at Coreland.

West Coast Commercial Mortgage signed a five-year lease for 1,442 square feet for a total consideration of approximately $173,040. The tenant was also represented by Hogberg at Coreland.

One Pacific Plaza is located at 7755 and 7777 Center Avenue in Huntington Beach, adjacent to the new one million-square-foot Bella Terra Retail Center that is near completion. “We continue to ride a wave of positive leasing activity spilling over from the fourth quarter into 2005, and this activity further confirms the increasing desirability of West Orange County office property.” says Coreland’s Leasing / Sales Division Vice President Steven Hogberg. “Further, we have signed a lease, pending C.U.P approvals, on our other two full floor availabilities.”

All the new tenants have recently taken possession of their space.

Coreland Companies is a full-service commercial real estate company with expertise in retail, office and industrial properties. Coreland Companies is one of the largest privately held commercial real estate service companies based in California. Coreland Companies is based in Tustin with offices throughout California. For more information, visit www.coreland.com.

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