LOS ALAMITOS, Calif.--(BUSINESS WIRE)--Lincoln Property Company, a leading national real estate firm with a substantial west coast arm known as LPC West, started construction on an overhaul of Katella Office Campus, a 150,000 square foot office property on 9.6-acres next to Los Alamitos City Hall. Lincoln’s renovations will bring new life to two buildings constructed more than four decades ago.
Renovations currently underway include upgrades to the exterior, common area renovations, an extensive landscaping and site beautification package, and interior renovations to create a modern, efficient workspace. The property will maintain ample surface parking for tenants.
Immediately adjacent to the 605 freeway and Katella Avenue in the heart of Los Alamitos, the property has easy access to nearby affluent communities including Long Beach, Rossmoor, Cypress and Cerritos.
“After being occupied for more than 40 years by one business, this is now the first time this asset will be available to new tenants. Our sizable upgrades will create a modern campus with the flexibility and amenities that tenants need to thrive,” said Parke Miller, Executive Vice President of Lincoln Property Company. “Katella’s excellent location makes it ideally suited for office: unparalleled freeway access with proximity to abundant amenities and a variety of workforce and executive housing in the area.”
The project features highly efficient and flexible floorplates that allow tenants to customize their space, accommodating both creative and traditional space plans.
“The reimagining of the Old GTE campus highlights Lincoln’s leadership and strengthens both Los Alamitos’ and the region’s reputation as a hub for ingenuity,” said Troy Edgar, Mayor of the City of Los Alamitos.
The Shops at Rossmoor, a nearby retail center, offer several dining and service options for tenants including California Pizza Kitchen, Chipotle, Subway, Staples and Rite Aid. The property is also minutes away from the Long Beach airport and John Wayne airport, offering convenient options for business travelers.
“We continue to receive strong interest from major companies looking for a centralized, modern office campus to house their operations,” said Anthony Zegers, Vice President of Lincoln Property Company. “We look forward to completing our planned renovations and introducing the new and improved asset to the market.”
Construction is scheduled to be completed by the summer of 2018.
About Lincoln Property Company
Lincoln Property Company, founded in 1965 by its chairman Mack Pogue, is a privately-owned real estate firm involved in real estate investment, development, property management and leasing worldwide. Lincoln has offices in all major markets of the U.S. and throughout Europe. Lincoln’s cumulative development efforts have produced over 130 million square feet of commercial space and over 212,000 multifamily residential units. Lincoln Property Company is the second largest apartment manager in the United States. Access www.lpcwest.com for more information.