Harbor Associates signs 2 firms to nearly 100K sf at its Ventura office park

Long Beach firm nabs a handful of leases all around the same block

Apr.April 04, 2019 04:00 PM
Joon Choi, principal at Harbor Associates, with 2380 Conejo Spectrum Street in Thousand Oaks. (Credit: CBRE)

Harbor Associates has signed a biotech firm and a publishing company to separate leases at its Thousand Oaks office campus, the latest in a busy couple of months for the investment firm.

The lease deals total nearly 100,000 square feet in Harbor’s Conejo Corporate Campus at 2380 Conejo Spectrum Street in Thousand Oaks. The Commercial Observer first reported the signing.

The two leases totaled $16 million at the 11.4-acre office campus in Ventura County, according to industry sources familiar with the deal.

Atara Biotherapeutics, a San Francisco-based biotech company, already moved into the entire second floor. And New York-based SAGE Publishing is set to occupy the ground floor space by June. SAGE also leases the entire 99,250 square-foot building in the same complex at 2400 Conejo Spectrum Street.

CBRE brokered the deal.

Harbor Associates purchased the campus in February 2018 for $22.9 million, and converted it into a multi-tenant building. The Long Beach-based investment firm also recently secured leases for two additional biotech and life-science companies for about 70,000 square feet at its property next door at 1525 and 1535 Rancho Conejo Boulevard.

The recent deals come shortly after Harbor Associates purchased a 20-year-old office park in Encino with 213,000 square feet of space for $47.9 million. The firm has been busy over the last year since announcing a $500-million plan to acquire office properties.

Related Articles

From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

3339 Exposition Blvd. and Asher Luzzatto

Luzzatto Co. assembling creative office hub in West Adams

Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office

La Mirada industrial building

Clarion pays $77M for La Mirada industrial project

510 Park Avenue and CEO of Monster Beverage Rodney Sacks

Monster Beverage affiliate guzzles down industrial project in San Fernando

From left: Saeed Nourmand, Michael Nourmand, Grant King and Richard Heyman

Relevant Group sues Nourmand & Associates’ founder, alleging extortion over hotel projects