JLL sign Glaukos Corporation to 160,000 s.f. headquarters lease in Aliso Viejo, California
The largest lease signed in OC in 2018, Stillwater Investment, CrossHarbor Capital Partners and JLL completed a 160K s.f. lease with Glaukos for the entire Element office campus in Aliso Viejo
ALISO VIEJO, CALIFORNIA, Jan 9, 2019 – Confirming Aliso Viejo as a hub for biomed companies, Stillwater Investment Group, CrossHarbor Capital Partners and JLL have completed a 160,000-square-foot lease with Glaukos Corporation for the entire Element office campus, consisting of three two-story buildings located on 12 acres at 26600, 26650 and 26700 Aliso Viejo Parkway. Glaukos also paid $7.05 million for a 2.8 acre land parcel on the property for future expansion purposes. Representing the largest office lease signed in Orange County in 2018, this location will serve as Glaukos’s main corporate headquarters.
Element was acquired in 2016 by Stillwater Investment Group and its financial partner, CrossHarbor Capital Partners. The office campus recently underwent a comprehensive renovation including an updated façade, lobby, common area and exterior landscaping perfect for outdoor functions. The property is ideally located off the 73 Freeway and just minutes from the I-5 and I-405 Freeways, providing convenient access to neighboring communities. Element is close to abundant retail, hotels, and multifamily living including the 1.5 million-square-foot Aliso Town Center, Homewood Suites by Hilton, Vantis Apartments, and City Lights Town Center Apartments.
“We were excited when we acquired the property given how well located it is with superior access to the 73 Freeway and great retail amenities,” said John Drachman, Principal with Stillwater Investment Group. “We felt strongly our campus would attract a best in class company and that proved to be the case with Glaukos selecting Element as their new corporate headquarter location.”
JLL's Byron Foss, Nick Carey, Wade Tift and Curtis Ellmore represented the landlord, Stillwater Investment Group and CrossHarbor Capital Partners in the lease to Glaukos. Taylor Wood, Dillon Dummit and Wayne Lamb of Savillis Studley represented Glaukos.
“Element provided Glaukos with a very unique opportunity to create its own campus environment in a highly desirable area of Orange County," said Foss. “We are excited for Element to help facilitate Glaukos continued growth."
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com