
Long-Term Lease Reflects Strength of Irvine Industrial Market
BLT Enterprises recently secured the long-term 10-year lease of its 40,645-square-foot industrial building in Irvine after acquiring the property in third quarter 2020. The tenant, Glidewell Dental Ceramics Inc. is a dental lab products and services provider.
“This long-term lease reflects the strength of the property’s fundamentals, BLT’s commitment to our comprehensive renovation plan and of the industrial market as a whole,” says Lisa Tamayo, vice president of real estate at BLT Enterprises. “Buoyed by the strongest industrial demand in Orange County within six years, the property attracted robust tenant interest based on its inherent value and on the high-quality, strategic improvements BLT is implementing throughout the asset, which positioned the building as the right fit for Glidewell’s needs.”
- ◦Lease