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Anduril Lease Hits Orange County Record Books

In the largest office lease in Orange County for the past 15 years and the largest in the submarket’s history, defense contractor Anduril Industries inked a 640,000-square-foot lease at The Press, a redevelopment project in Costa Mesa, according to Newmark, whose George Thomson and Jay Nugent represented ownership. Invesco Real Estate and SteelWave own the facility.

Located on 19 acres at 1375 Sunflower Ave., the 450,000-square-foot building previously served as the Orange County press house/room for the Los Angeles Times. SteelWave and 5_Ronin are converting the property into office space at a redevelopment cost of approximately $200 million. EYRC Architects will design the project.

In addition to the existing structure, Anduril signed a lease for a 190,000-square-foot R&D building that will be added to the site. In total, the two facilities will house in upwards of 2,500 highly skilled employees, according to brokerage estimates.

Anduril’s lease surpasses the former largest Orange County office lease on record, which was the 637,500-square-foot deal signed by Bank of America in 2011 for its Brea call center, according to CoStar. This trend toward Orange County will likely continue as companies begin turning attention away from congested and restrictive Los Angeles County.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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