Irvine, CA based Premier Business Centers, the largest privately held provider of full-service executive office suites in the United States, announced today the renewal of four lease agreements for a total of $11 million. Premier Business Centers renewed three office leases in Orange County and one in Woodland Hills, California. "Given the current state of the economy, executive suites offer a lot of flexibility for all types of businesses that are not certain which direction their business is heading," commented Jeff Reinstein, Chief Executive Officer of Premier Business Centers. Mr. Reinstein also commented that "with Premier Business Centers' renewal of these four prime locations, it shows that we continue with our commitment to provide attorneys, accountants, Fortune 1000 companies and small entrepreneurs with flexible office space solutions in some of the best office buildings in the Southern California area."
In Orange County, Premier Business Centers renewed leases for two of its executive suites with The Irvine Company. Premier Business Centers renewed its lease for the prestigious high-rise office tower at 620 Newport Center Drive, Suite 1100 in the Fashion Island area of Newport Beach, California. Premier Business Centers’ suite is the only executive suite in a Class A high-rise in the Fashion Island area and features dramatic views of the Pacific Ocean, the Back Bay, Big Canyon and the distant mountains. The center is directly across the street from Newport Beach’s Fashion Island. Its lobby is clad in light marble and access is provided at ground level to the tower's four-story parking structure and subterranean executive parking.
Premier Business Centers also renewed its lease for its executive suite at Jamboree Center, which is located at One Park Plaza, Suite 600 in Irvine, California. Jamboree Center features gleaming travertine and is at the heart of Irvine at the confluence of Main St./Jamboree/405 Freeway. This prestigious complex features high-speed elevators, vaulted glass lobby ceilings, covered walkways and ample structured parking. Also on-site is The Hyatt Regency, three cafes, auto detailing and ATMs. Extensive landscaping and generous open space provide park-like surroundings and pedestrian convenience.
Also in Orange County, Premier Business Centers extended their lease for Centerstone Plaza located at 4000 Barranca Parkway, Suite 250, Irvine, California. The executive suite space at Centerstone Plaza was one of the first nine business centers Premier acquired in May 2002. Centerstone Plaza, is a four-building office campus comprising 158,000 sq. ft, featuring spacious abundantly landscaped common areas and a striking red brick facade. Centerstone Plaza includes two full-service restaurants and lies within easy walking distance of two major shopping centers.
In the San Fernando Valley, Premier Business Centers renewed its Woodland Hills center's lease with Douglas Emmett, Inc. Located at 21550 Oxnard Street, 3rd Floor, Woodland Hills, CA 91367. Warner Center Towers consists of six office buildings and one retail building containing 1,927,559 sq. ft of Class A office and retail space. The property is one of Los Angeles' largest office campuses and is located in the planned Warner Center community in Woodland Hills. Warner Center Towers offers a park-like setting with landscaped plazas, attractive fountains and breathtaking views. It has ample parking and is conveniently located near the Ventura Freeway. The property features several dining options and is directly adjacent to the Warner Center Marriott and The Promenade shopping center.
All four leases were negotiated by USA Realty Group's Robert Rush on behalf of Premier Business Centers