NEWPORT BEACH, Calif. (July 16, 2012) – CLW Real Estate Services Group today announced that Oliver Fleener, senior vice president and director of office services, leased the final 5,270 square feet of office space at 1375 Dove St. in Newport Beach. CA. to All American Lending, Inc.. The five-year lease, valued at over $750 million, brings the two-building 98,768 SF Dove St office campus to 100% occupancy.
All American Lending, Inc, will relocate from another Newport Beach location and will use the two-year-old, Class A 1375 Dove St, building as its headquarters.
“The buildings’ ownership is exceptionally proactive in accommodating tenant requirements and that attracted tenants ranging from a financial services company and a sports drink firm, to luxury office furniture companies,” Fleener said. Far West Industries, parent of the building ownership, recently created custom build-outs using the building’s dramatic 17-foot- high glass windows and ceilings.
The two-story 23.495 square foot office building at 1375 Dove sits atop a ground-floor parking garage and was constructed in 2009.
The second structure within the office campus is 1401 Dove, a six-story 75,333 SF building. “The ownership did a superb job in renovating this building by creating nearly two dozen new ‘spec office suites,” says Fleener. “The suites showed prospective tenants a finished product and that was extremely helpful to us in taking the building from 10% occupied to 100% occupied during difficult economic times,” Fleener said. “The ownership created an environment that tenants want.”
Fleener leased over 90,000 SF of office space at 1375 Dove and 1401 Dove and raised total office campus occupancy by over 90%. “I am happy to say that I leased myself out of a job,” he said. “But the ownership made it easy for me with their expertise in construction and perfessionalism in getting deals done.”
“ It’s great to see pro-active office building owners thriving in what is still a very tough office leasing market out there,” summed up Fleener,”
About CLW Real Estate Services Group
CLW Real Estate Services Group is headquartered in Tampa, FL. Its Southern California division is located in Newport Beach, CA and is an affiliated company of Axxcess Realty Advisors, LLC, also of Newport Beach. CLW employees over 100 brokers and is a national, privately-held company providing a full spectrum of commercial real estate services, including multi-market tenant representation, asset management, project and construction management, investment sales, development and consulting services to institutional clients. To learn more, visit www.clwwest.com
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