A weekly look at office and industrial real estate in the county. : FOCUS: NEXUS FINANCIAL CENTER

L.A. Times Archives

May 20, 1989 12 AM PT

Nexus Financial Center contains both high- and low-rise office space in three buildings. It is located in Orange, just south of the Garden Grove Freeway, and is within walking distance of MainPlace/Santa Ana mall and Town & Country Center. Nationwide Insurance is the major tenant, occupying more than 77,000 square feet.

FACTS AND FIGURES Address: 701 S. Parker St., Orange Developer: Nexus Development Corp. Architect: Herbert Nadel A.I.A. & Partners Primary Contractor: Nexus Development Corp. Broker: Coldwell Banker Number of floors: One 8-story building, two 3-story buildings Square feet: 305,117 Use: Office Date completed: 1985 Percentage of building leased: 93% Parking capacity: 4 per 1,000 square feet Rental cost per square foot: $1.75-2.05 MAJOR TENANTS

Nationwide Insurance: 77,323 Square feet

First Alliance Mortgage: 20,568 Square feet

CDB Infotek: 20,568 Square feet

Honeywell Inc./Honeywell Bull: 19,427 Square feet

Source: JMB Properties Co.