Anduril Industries is strengthening its commitment to Orange County with another major lease south of Los Angeles.
The Costa Mesa-based defense contractor inked a lease for 177,766 square feet at Dermody Properties’ LogistiCenter at 55 industrial property in Tustin, the Orange County Business Journal reported. The building at 1100 Valencia Avenue in Tustin will serve as a centralized warehouse supporting Anduril’s headquarters and nearby facilities as it scales up logistics to support its growing defense technology capabilities, a spokesperson told the Business Journal.
The lease adds to Anduril’s rapidly expanding local footprint, which now totals nearly 1.5 million square feet of office and industrial space across Orange County. Much of that is clustered around its headquarters campus, The Press, in Costa Mesa. The Palmer Luckey-founded company has been steadily snapping up space, including a 190,000-square-foot office lease at The Hive in Costa Mesa and roughly 163,000 square feet at Harbor Logistics Center in Santa Ana last year.
Anduril’s lease arrives as the Tustin industrial submarket grapples with elevated vacancy. The area’s top-tier industrial vacancy is roughly 35.7 percent. New construction like LogistiCenter at 55, a 311,770-square-foot, two-building project completed in 2024, has helped temper some demand in the area. Dermody acquired the site in 2023 for $88.1 million in 2023 and redeveloped it after demolishing a former Ricoh Electronics facility.
Terms of the lease were not disclosed, though asking rents at the property hover around $1.34 per square foot, per CoStar data cited by the Business Journal. Anduril is expected to move into the space by October.
The Tustin deal signals Anduril’s intent to keep Orange County as a core hub even as it pursues massive developments elsewhere in Southern California and across the country.
The company is building a $1 billion, 1.2-million-square-foot campus in Long Beach and a 5-million-square-foot manufacturing facility in Columbus, Ohio. Anduril’s Long Beach home will rise at Douglas Park, an industrial and office complex with a history of aerospace manufacturing, and will include 750,000 square feet of offices and 435,000 square feet of industrial space dedicated to research and development. When complete, the Long Beach campus will support about 5,500 jobs on site.
Anduril has about 7,000 employees in 35 different locations, including international offices. Roughly half of its employees are based in Southern California.
— Chris Malone Méndez
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