Newmark Grubb Knight Frank is pleased to announce that Stearns Lending, Inc., a leading privately held nationwide lending institution encompassing correspondent, wholesale and retail business channels, has signed two leases in Orange County, Calif., for a total of 62,517 square feet. The larger of the two leases is for 41,076 square feet at 555 Anton in Costa Mesa. The building is part of the MetroCenter at South Coast campus, located within walking distance of South Coast Plaza. In Santa Ana, Stearns leased 21,441 square feet at 1851 E. 1st Street, also known as the Xerox Centre. It is anticipated to take occupancy of both locations on or before May 1.
“Stearns elected to expand outside of its current headquarters at 4 Hutton Centre in Santa Ana to take advantage of favorable economics being offered by each respective landlord and the ability to secure prominent building top signage at each property,” said Jack McNutt, NGKF executive managing director, who negotiated both leases on Stearns’ behalf.
“Stearns, named one of The Orange County Register’s Top Workplaces for 2012, is experiencing remarkable growth both locally and nationally, which drove its decision to take new space to accommodate various departments and affiliated entities at MetroCenter at South Coast and Xerox Centre,” Mr. McNutt added.
RREEF, owner of MetroCenter at South Coast, was represented by Brian Harnetiaux of Transwestern. 1851 East First Street Investors LLC, owner of the Xerox Centre, was represented by Justin Hill and Simon Dillon of CBRE.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with its affiliates and London-based partner Knight Frank, Newmark Grubb Knight Frank employs more than 11,000 professionals, operating from more than 340 offices in established and emerging property markets on five continents.
Newmark Grubb Knight Frank’s integrated services platform includes leasing advisory, global corporate services, investment sales and capital markets, consulting, program and project management, property and facilities management, and valuation services. A major force in the real estate marketplace, Newmark Grubb Knight Frank serves the local and global property requirements of tenants, landlords, investors and developers worldwide. For further information, visit www.newmarkkf.com.
Newmark Grubb Knight Frank is a part of BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets. For further information, visit www.bgcpartners.com.
About Stearns Lending, Inc.
Headquartered in Santa Ana, California, Stearns Lending, Inc., and its affiliated entities, have provided 23 years of exceptional mortgage lending services throughout the United States where licenses are held. Stearns’ business channels include wholesale, retail and correspondent lending; financial institutions mortgage outsourcing services and credit union mortgage outsourcing services.
The Company was founded in 1989 by Glenn Stearns.
Stearns Lending, Inc. corporate headquarters is located at 4 Hutton Centre Drive, 10th Floor, Santa Ana, CA 92707.
For more information call (800) 350-LEND or visit www.stearns.com.