Friday, July 20, 2012

Colliers International Completes Lease of a 44,171 SFt Industrial Building in Westlake Village, CA

 Westlake Village, CA, July 20, 2012. – Colliers International, the third largest global real estate services organization, has completed the lease of a 44,171-square-foot industrial property located at 31186 La Baya Drive (top left photo) in Westlake Village.  The 10-year transaction is valued at over $4 million.

John DeGrinis (middle right photo), SIOR, senior executive vice president, Patrick DuRoss, associate vice president, and Jeff Abraham, senior associate all based in Colliers International’s Encino office represented the landlord, 31186 La Baya Drive, LLC.  The tenant was represented by Ron Berndt and Kevin Tamura of Daum Commercial.

The tenant, Rantec Microwave Systems, is relocating from nearby Calabasas where it has resided for many years.  Rantec manufactures microwave antennas used in military and commercial applications such as radar, missile guidance and navigation.

DeGrinis reported: “This type of facility is rare for the Westlake Village area given it is a true warehouse/manufacturing building not normally found in the heart of the Conejo Valley where office and highly improved tech/flex facilities are more the norm.”

The industrial property was constructed in 1978 and offers visibility on Thousand Oaks Blvd. as well as building features including 23-foot minimum clearance, 1600 amps of power, 5 dock high positions and 13,000-square-feet of high image office space. 


Darcie Giacchetto
Spaulding Thompson & Associates

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