Revere Transducers Moves to Tustin Plant : Relocation: Electronics company is bringing 250 workers from Cerritos to the Irvine Industrial Complex.
In a move that could bring scores of new jobs to Orange County, a Los Angeles electronics maker is relocating 250 workers from plants in Cerritos to a newly leased office, warehouse and manufacturing facility in the Irvine Industrial Complex here.
Revere Transducers Inc. also plans to close a Connecticut factory and transfer those operations to its new Tustin facility, a move that will create about 20 new jobs in the county over the next year, Revere President John S. McGara said Tuesday.
Other jobs could be created as the company grows and as employees relocated from the three Cerritos plants retire or leave for other reasons, McGara said.
Revere, which makes energy conversion devices for a variety of industries, selected the Orange County location because the property owner offered it a great deal and because the facility is close enough to Cerritos for current employees to keep their jobs.
The 93,000-square-foot building, formerly headquarters for MAI Systems Corp., had been vacant since April, when MAI moved to the Irvine Spectrum as part of a corporate reorganization.
Revere, a subsidiary of Dobson Park PLC of Wigan, England--near the British industrial city of Manchester--leased the building from Heitman Properties Ltd. on an 11-year lease that a Heitman official said “is worth millions of dollars.”
The deal represents one of the bigger industrial leases in Orange County in recent years, although it is eclipsed by two unusually large leases announced in the last two months: Los Angeles clothing manufacturer California Connections’ expansion into a 300,000-square-foot building in the Santa Ana Enterprise Zone, a tax-advantaged industrial area, and Loral Corp.’s decision to relocate from Newport Beach to the 350,000-square-foot former Hughes Electronics facility in Rancho Santa Margarita.
Heitman, a major national commercial and industrial property management firm headquartered in Chicago, owns the four-building, 316,000-square-foot I-5 Jamboree Business Center into which Revere is relocating. The company also owns the 535,000 square-foot Griffen Towers building in Santa Ana.
