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Donna Hahn
Hahn Communications
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WESTERN STATES TECHNOLOGIES INC. SIGNS NEW LEASE
WITH LIBERTY BEARING CORP.
New Space Frees Liberty to Expand Operations
IRVINE, CALIF. - The Irvine, Calif., office of Western States Technologies
Inc. announced that Liberty Bearing Corp. has signed a five-year lease valued
at $1.5 million for 26,000 square feet at 1041 Calle Trepadora in San Clemente,
Calif.
According to Todd Miller, vice president of Western States Technologies, Liberty
Bearing will relocate its corporate headquarters to Calle Trepadora from its
current facility at 1046-K Calle Recodo in San Clemente. Liberty Bearing,
a leading manufacturer and supplier of materials and equipment for the photo
processing industry, will occupy 100 percent of the space.
Miller explained that Liberty Bearing's move was needed in order to accommodate
the company's growing operations.
"This location is an ideal fit for the company," he said. "Not
only does it allow Liberty to expand its corporate headquarters, manufacturing
operations and distribution services, it also meets a very
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WESTERN STATES TECHNOLOGIES INC. SIGNS NEW LEASE WITH LIBERTY BEARING CORP. - PAGE TWO
important objective for the firm - staying in San Clemente. We are very pleased
to have them at Calle Trepadora."
The single-story building offers 10,000 square feet of corporate office space.
In addition, a 16,000-square-foot warehouse with multiple docking bays for
distribution and shipping needs is located in the rear of the building. The
facility is 1.5 miles from Interstate 5 at the Avenida Pico exit in the Rancho
San Clemente Business Park.
Western States Technologies was represented by Don Yahn of Cushman & Wakefield's
Irvine office. Liberty Bearing was represented by Dean Krieger of Lee &
Associates' Irvine Spectrum office.
Western States Technologies, headquartered in Los Angeles, was established
in 1985. The company concentrates on the successful development, acquisition
and rehabilitation of industrial and office properties. Currently, Western
States Technologies owns and manages a mixed-use portfolio totaling more than
one million square feet in Los Angeles, Orange, Riverside, San Bernardino
and San Diego counties.
The company's tenants include such global business leaders as Baxter Pharmaceutical,
Dow Chemical, Gerber Technologies, International Paper, Jacuzzi, Kaiser Aerospace,
MCI WorldCom, Mikasa, Oakley, R.C. Cola, Rockwell International and Union
Carbide, among others. By incorporating its strong, hands-on asset management
approach, the company has averaged occupancy rates of more than 97 percent
portfolio-wide over the past five years.
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