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by CareyBot

Communications and aviation electronics company Rockwell Collins will consolidate its Costa Mesa, Pomona and Tustin, Calif.-based operations into the Tustin Commons, after signing a 10-year lease agreement for the entire 212,979-square-foot suburban office complex in Tustin. The value of the transaction was $37 million. Tustin Commons is located west of Interstate 5 near Jamboree Road and is comprised of three two-story office buildings ranging in size from 51,000 to 93,000 square feet. It is owned by BRCP Stonewood Tustin LLC, a joint venture of Palo Alto-based Broadreach Capital Partners and Newport Beach-based Stonewood Properties. Upon acquiring the vacant suburban office complex in July 2004, the partnership invested approximately $20 million to modernize and expand the asset int...