A weekly look at office and industrial real estate in the county. : FOCUS: CENTERPOINTE LA PALMA

Centerpointe La Palma is a 42-acre, $100-million, mixed-use office park at Orangethorpe Avenue and Valley View Street in La Palma. When the third phase is completed at the end of the year, the complex will include 11 office buildings, ranging from single-story to seven stories, a 162-room Day’s Inn hotel, four restaurants, 34,000 square feet of retail space and a three-level parking garage. FACTS AND FIGURES Address: 1 Centerpointe Drive, La Palma Developer: Birtcher Architect: Ware & Malcomb Architects, Irvine Primary Contractor: Birtcher Construction Financing: Joint venture of the Mutual Life Insurance Co. of New York Real Estate Investments and Birtcher Square feet: 375,000 office; 256,000 R&D; Use: Office, R&D;, retail, restaurant, hotel Scheduled completion date: December, 1989 Percentage of building leased: 90% (Phases 1 & 2) Parking capacity: 4 per 1,000 square feet Projected rental cost per sq. ft.: $1.05 for R&D; $1.80 for office MAJOR TENANTS Automated Data Processing: 53,000 Square feet Federal Home Loan Bank of San Francisco: 37,000 Square feet Northern Telecom: 21,000 Square Feet Frontier Bank: 17,500 Square Feet Source: Laer Pearce & Associates