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News release

Irvine, CA

Jones Lang LaSalle Completes 20,072 SF Lease for Semtech Corporation in Irvine, CA


IRVINE, CALIF., Aug. 30, 2010 – Jones Lang LaSalle represented Semtech Corporation in a 20,072-square-foot lease expansion at 5141 California Avenue within University Research Park, a 185-acre campus office business park in Irvine, California.  Semtech now occupies a total of 35,279 square feet in the building which serves as a regional office.

Semtech Corporation is a leading supplier of high-quality analog and mixed-signal semiconductor platforms for high-end consumer, computing, communications and industrial equipment.  The company’s Irvine office was acquired from Sierra Monolithics in 2009.

Jones Lang LaSalle Senior Vice President Ryan Hawkins and Vice President Mitch Lundquist represented Semtech in the transaction.  The landlord, The Irvine Company, represented itself.

“Semtech was able to secure expansion space within their current building at favorable lease terms, allowing them to maximize spatial efficiencies,” said Hawkins.  “With existing lab infrastructure already in place, securing space within the same building represented a tremendous savings for Semtech.”
 
About Jones Lang LaSalle

Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2009 global revenue of $2.5 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.6 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with approximately $38 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.