January 10, 2019
Stillwater Investment Group and CrossHarbor Capital Partners signed a 160,000-square-foot lease with Glaukos Corporation for the entire Element office campus in Aliso Viejo, CA. This site will serve as the glaucoma medical technology and pharmaceutical company’s main corporate HQ. The firm also paid $7.05 million for a 2.8-acre land parcel on the property for future expansion purposes.
The asset consists of three two-story buildings located on 12 acres at 26600, 26650 and 26700 Aliso Viejo Parkway. The deal represents the largest office lease signed in Orange County in 2018.
The office campus was acquired in 2016 by the Stillwater-led partnership, which subsequently completed a comprehensive renovation including an updated façade, lobby, common area and exterior landscaping. The property is located off the 73 Freeway.
Savills Studley’s Taylor Wood, Dillon Dummit and Wayne Lamb represented the tenant. JLL’s Byron Foss, Nick Carey, Wade Tift and Curtis Ellmore advised the landlord.
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