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SANTA ANA, CALIF., April 15, 2013 — Jones Lang LaSalle announced today that it has brokered a new 66,538 square-foot office lease with Kulicke & Soffa at Irvine Corporate Center, a two-story 126,622-square-foot office building located at 1821 E. Dyer Road in Santa Ana. Kulicke & Soffa will occupy the space for its regional headquarters, relocating from its current location in Irvine.
Jones Lang LaSalle Orange County team members Joe Bevan and Wade Clark represented the landlord, a joint venture between Hines and Oaktree Capital Management, L.P. Ken Ward and Dillon Dummit of Cresa Orange County represented Kulicke & Soffa, a global leader in the design and manufacture of semiconductor and LED assembly equipment.
"The tenant demand for buildings that can accommodate high-image office and R&D functions under one roof is evidenced by Kulicke & Soffa relocating to the building," said Bevan. "The extensive remodel underway, large floor plates and above-standard parking make Irvine Corporate Center an attractive place for companies.”
In the second half of 2012, Hines and Oaktree acquired approximately 250,000 square feet in two projects within the Irvine Business Complex – Irvine Corporate Center and Bay Technology Center (now Alton Corporate Plaza). “We are ecstatic to have Kulicke & Soffa relocate to Irvine Corporate Center," said Hines Managing Director Ray Lawler, who leads the firm’s Orange County office. "Both Irvine Corporate Center and Alton Corporate Plaza will be transformed with the improvements currently underway."
Irvine Corporate Center is ideally located in the heart of the Irvine Business Complex with immediate access to the SR 55, I-405 and I- 5 freeways. The property features a two-story glass façade entryway and lobby with large flexible floor plates and 15-foot deck-to-deck clearance. Irvine Corporate Center can accommodate office, laboratory and manufacturing tenants ranging from 15,000 to 65,000 square feet.
About HinesHines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed includes 1,208 properties representing more than 488 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. Currently, Hines manages 379 properties totaling 137 million square feet, which includes 66 million square feet for third parties. With offices in 104 cities in 18 countries, and controlled assets valued at approximately $23.8 billion, Hines is one of the largest real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED®, ENERGY STAR®, BREEAM, Haute Qualité Environnementale and DGNB green building rating systems. Visit www.hines.com for more information.
About OaktreeOaktree Capital Management, L.P. is a leading global investment management firm focused on alternative markets, with an estimated $77.1 billion in assets under management as of December 31, 2012. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has over 700 employees and offices in 13 cities worldwide. For additional information, please visit Oaktree’s Web site at www.oaktreecapital.com.
About Kulicke & SoffaKulicke & Soffa (NASDAQ: KLIC) is a global leader in the design and manufacture of semiconductor and LED assembly equipment. As a pioneer in this industry, K&S has provided customers with market leading packaging solutions for decades. In recent years, K&S has expanded its product offerings through strategic acquisitions, adding wedge bonding and a broader range of expendable tools to its core ball bonding products. Combined with its extensive expertise in process technology, K&S is well positioned to help customers meet the challenges of assembling the next-generation semiconductor and LED devices. (www.kns.com)
About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management. For further information, visit www.jll.com.
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