Brokerage data indicates Alcon, OC’s seventh-largest medical device maker based on the number of local employees, has renewed its lease for the entirety of 15800 Alton Parkway, an industrial building that has held a portion of the company’s local operations for about two decades.
Terms of the renewal were not available.
The company, which was spun out of Swiss medical conglomerate Novartis in 2019 after eight years of ownership, leases nearly 440,000 square feet in the county, according to Alcon’s latest annual report. The Irvine-area hub, used to make a variety of implantables, consumables and other eycare-related equipment, is one of its three largest locations in the U.S., along with spots in Fort Worth, Texas, which is home to its domestic operations, and Georgia. It employs 1,100 locally, according to Business Journal research.
Irvine Co. Building
The Spectrum-area facility near the San Diego (405) and Laguna (133) freeways, was built in 1990 and is owned by Newport Beach-based Irvine Co.
Alcon’s Irvine operations are used to manufacture eye-related surgical equipment, and the company’s current Alton Parkway facilities contain “some of the most sophisticated ophthalmic research and manufacturing activities in the world,” the company has previously stated.
Products manufactured by the company in Irvine over the years include the Infiniti Vision System, which is used in in cataract lens removal.
Lake Forest
Alcon also has had a notable footprint in Lake Forest.
In 2012, Alcon signed a lease for the entirety of Serrano Creek Center, a 12-acre office campus on Lake Forest Drive that previously held the headquarters of Western Digital Corp.
The three-building property near the 241 Toll Road, totals about 184,500 square feet. Menlo Equities LLC bought that complex in 2016 from Boston-based TA Associates Realty.
Alcon’s lease there is set to expire at the end of 2023, according to CoStar Group records.
