California + Orange County + Industrial | April 21, 2023

JLL represented Maztech Industries in a lease of industrial space at 1641 Reynolds Ave. in Irvine, CA

Maztech Industries Opts for Irvine Location After Extensive Search

Maztech Industries, a leading manufacturer of military and commercial electro-optical systems, has signed a 17,500-square-foot industrial lease at 1641 Reynolds Ave. in Irvine.

JLL’s Xavier Nolasco and Steve Wagner represented Maztech Industries. The landlord, The Donald Spencer DeVries Trust, was represented by John B. Collins of Lee & Associates.

“After an extensive search, Maztech Industries chose this building because of its modern features, recent renovation and location,” said Nolasco, a VP at JLL. “We were able to negotiate a lease term that was beneficial to Maztech while providing minimal disruption.”

According to JLL’s first-quarter 2023 Orange County Industrial Insights report, leasing activity increased 40% quarter-over-quarter. Additionally, despite increasing for the first time in two years, vacancy remained historically low at 1.4%.

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JLL's Nolasco

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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