German electronics maker Siemens AG has consolidated its local operations by shifting 190 workers to a Cypress office building.
Siemens recently moved into 40,000 square feet of space at Cypress Crossroads on Valley View Street. The company moved workers from Seal Beach and elsewhere in Cypress.
The workers fall under four Siemens units: medical products, energy and automation, telecommunications and maintenance services.
“The objective wasn’t to eliminate people but bring people of different divisions together in one main place,” said Steve Ames, a broker with USAA Realty Co. who represented Siemens.
Siemens also renewed a lease for about 36,000 square feet at another building down the road from Cypress Crossroads. Combined, Siemens has about 11,000 square feet less than it had before.
The units were leasing about 87,000 square feet of space in Bixby Office Park in Seal Beach and at two other Cypress locations.
The Siemens lease, and another at Cypress Crossroads by Ford Motor Credit Co., represents a payoff for landlord Makar Properties LLC of Newport Beach.
The real estate investor and developer bought the building two years ago after Japan’s Sony Corp. and Cypress-based PacifiCare Health Systems Inc. had moved out, leaving the building empty.
Sony was there for about five years before moving to another spot on Katella Avenue. PacifiCare moved its operations from Cypress Crossroads to its headquarters nearby.
For more on this story, see the July 18 edition of the Business Journal.
