Irvine's Koll Company Leases 97 Percent Of Properties In 2019
patch.com | February 24, 2020
A 78,000 square-foot building was leased to Tustin's Port View Preparatory school, serving children and young adults with special needs.
IRVINE, CA —With more than one new lease executed every single workday, 2019 ended as it began for The Koll Company: with a whirlwind of signings in Las Vegas, Tustin, Tempe, Walnut Creek and elsewhere that resulted in more than 97 percent of the company's 5-million-square-foot portfolio leased.
In total, the company signed more than 762,000 square feet in new leases last year.
The group prides itself on providing clients with modern, amenity-rich buildings in premier locations that allow them to concentrate on their key business goals, said Scott Meserve, principal, The Koll Company.
"We believe our strong leasing activity throughout 2019 is an affirmation that our commitment to providing outstanding workspaces is resonating with our tenants," Meserve said.
Their tenants now total over 660.
No property was a bigger win than the new partnership with a special needs student based charter school. In 2019, Koll Company worked a 20-year, 78,000-square-foot lease with Port View Preparatory in Tustin, he said.
Port View Prep is a non-public school that focuses on preparing students with autism and other developmental and intellectual disabilities for future self-dependence.
"It's a wonderful organization that is making a deep impact on many people's lives, and we were honored to have the opportunity to help them find the perfect space," Meserve said. "We worked with the city to obtain a conditional use permit and helped them realize the value of having the premier, first-of-its-kind, non-public entity to serve this amazing population of students in their city. Port View is a vital resource that helps their clients attain critical life skills that will enable them to one day achieve independence and self-sufficiency."
"Our partnership with Koll represented an opportunity for the best in real estate to team up with the best in special education to develop a solution that will change lives for the better," said Edward S. Miguel, EdD, co-founder, and president of Port View Preparatory School.
"We are grateful to Koll for their outside-the-box thinking, and for being as motivated as we are to help our students."
Koll's track record includes the development and acquisition of over 150 million square feet of office, industrial, retail, resort and golf course properties.