Vegetable Seed Company Moving to Oxnard Site

The State Compensation Insurance Fund Building at Oxnard Town Center will be the new corporate headquarters of Seminis Inc., the largest vegetable seed company in the world.

Seminis, a majority-owned subsidiary of Empresas La Moderna S.A. de C.V. of Monterrey, Mexico, was formed through the merger of Petoseed of Saticoy, Asgrow Seed of Kalamazoo, Mich., and Royal Sluis B.V. of The Netherlands. The company has signed a long-term lease for more than 7,000 square feet in Oxnard, with plans to maintain its distribution facilities in Saticoy and its research and development operation in Woodland.

Seminis joins three other tenants in the building.

Other recent real-estate transactions in Ventura County include:

* The purchase of an 11,000-square-foot retail/office building from First Interstate Bank by William Rolland, a real estate investor based in Westlake Village. The building at 137 E. Thousand Oaks Blvd. in Thousand Oaks was occupied by the former Bank of A. Levy.

* The purchase of 1.66 acres at 3316 Maya Linda in Camarillo for the new headquarters of Sergent Mechanical Systems, an Oxnard-based engineering firm.

* The sale of a 20,000-square-foot building at 971-973 Westlake Blvd. in Westlake Village to Pacifica Real Estate Group of Santa Barbara, a private real estate holding and management company. The property currently houses Hawthorne Savings, Young Realtors and the Salick Health Care Breast Center.

* The relocation of Simba Cal Inc., manufacturer of medallions and trophies, from Camarillo to a 17,727-square-foot building at 2201 Statham Blvd. in Oxnard.

The transactions were handled in part by CB Commercial Real Estate Group in Ventura.