Plane parts maker Eaton Aerospace LLC is consolidating in the Irvine Spectrum.
The company, a division of Cleveland-based industrial equipment maker Eaton Corp., has signed a 10-year lease for about 140,000 square feet of office and industrial space.
The majority of the space is set to be used for manufacturing by subsidiary Argo-Tech Corp., a maker of fuel pumps for military jets.
Eaton acquired the fuel pump business in early 2007 when it bought it Argo-Tech’s parent AT Holdings Corp. for $695 million. Argo-Tech’s lease in Costa Mesa expires next year.
Eaton Aerospace, which also makes electronics for planes, is moving its headquarters from its current home near John Wayne Airport to the Irvine Spectrum.
The company plans to keep a second Costa Mesa plant it had before the Argo-Tech acquisition.
Plans are in the works to have the new building ready by the end of the year, though renovations might not be done until the second quarter, according to Mike Nieves, vice president of operations for Eaton Aerospace.
Landlord Irvine Company has been marketing the building for more than two years. Chip Wright of CB Richard Ellis Group Inc.’s Newport Beach office worked with Eaton on the lease.
For more on this story, read the Sept. 22 issue of the Business Journal.
