California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

New call-to-action
California  + Orange County  + Industrial  | 

Costa Mesa Lands Fishing Lure Manufacturer

Lucky Craft Lure Co. signed a 25,309-square-foot lease renewal at 380 Clinton St. in Costa Mesa, CA. The fishing lure and product manufacturer occupies the entire property as its U.S. corporate headquarters and distribution hub.

The industrial building sits in a cul-de-sac behind John Wayne Airport, in one of the most sought-after industrial submarkets in Orange County.

CBRE’s Ross Bourne represented the tenant in the $2.92 million, 10-year renewal. The landlord, Knowlton Communities, was self represented.

“The tenant was able to lock in a renewal rate at today’s rents, even though the lease is up first quarter of 2018,” said Bourne. “They jumped on the opportunity to renew now, given space in this market is sparse and demand is through the roof.”


Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With CBRE’s Bourne

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Lease
Colliers-59-cube
NAIOP-11-cube
New call-to-action