9:30 AM
Newmark has announced the completion of a lease expansion for Crown Capital Securities at 725 Town & Country Road in Orange, CA. The property, known as Centrum South, is a five-story, 91,145-square-foot class A office building.
Newmark Senior Managing Director Drew Netherton represented the tenant in the 75-month, 12,533-square-foot lease valued at $3 million. CBRE’s Matt Didier represented the landlord Foster City-based Bailard.
The lease represents a renewal and expansion for Crown Capital Securities, an independent financial services firm headquartered at Centrum South.
“Crown Capital has been a valued Newmark client since 2002. With each renewal and expansion, the team has negotiated essential expansion rights that have ensured the firm can grow into contiguous space. These rights have proved essential in the current market with such a low vacancy rate,” said Netherton.
The Centrum South property is 95 percent leased and is ideally located between the 5 and 22 freeways.
About Newmark
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
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