Santa Ana-based Financial Statement Services Inc. needed room to grow, so it moved into a newer space three times the size of its former headquarters,and right next door.
After eight years at 3232 S. Fairview St., Financial Statement Services has taken up residence at 3300 S. Fairview,a former Oshman’s Sporting Goods facility,where it now occupies 167,000 square feet.
“We were completely maxed out,” said Dick O’Neil, the firm’s senior vice president of marketing. “We could not fit another piece of equipment into our building. We had kind of reached a point that if we wanted to continue to grow, which we do, a move was important.”
“It’s exciting. We have some new technologies, color printing, digital color printing,” O’Neil said. “It has a lot of room to grow.”
Financial Statement Services was in 60,000 square feet until July. It has about 250 full-time employees. When the firm moved to 3232 South Fairview St. in 1995, it had 60 employees.
The firm has signed a ten-year lease with an option of extending it for another five years. O’Neil would not comment how much the firm is paying for the space, but he did say the building underwent an unusually extensive revamp before his firm moved in.
“It’s a long-term deal and we have put in a lot of money, as our landlord did,” O’Neil said. “The landlord wanted it (the new building) to be a show place for them in their portfolio, so they did a fantastic fa & #231;ade on the front,” O’Neil said.
The building also has a backup power system in the event of a blackout and a new water cooling system for which Financial Statement Services received a $100,000 rebate from Southern California Edison, because the system is energy efficient.
CB Richard Ellis represented Financial Statement Services, while PacTrust, the owner of the building, represented itself. PacTrust is also the owner of the building that Financial Statement Services moved from.
Houston-based Oshman’s Sporting Goods Inc. used to occupy 3300 S. Fairview, but it left as part of an internal consolidation in October last year.
Financial Statement is a 20-year old privately held firm that provides billing services to companies such as Verizon Communications Inc. and Charles Schwab Corp. In its early days, the company brokered most of the services that it now handles in-house.
“We wanted to gain control of those processes and create efficiencies by having everything under one roof,” O’Neil said. n
