Aliso Viejo-based office campus operator TechSpace Inc. weathered the dot-com crash earlier this decade by turning its focus away from being a technology incubator to more of a traditional landlord.
Now the company, founded in 2000 as Enfrastructure Inc., is making a $25 million bet that it can reinvent itself again to survive the current real estate downturn.
“We’re continuing to evolve,” said James “Watty” Watson, TechSpace’s chief executive.
Part of that evolution includes a new, 60-office location in Manhattan, the company’s third property in New York and fifth in the country. The Chelsea-area building’s set to open in September and is about 25% preleased.
Closer to home, TechSpace, which to date has leased all its properties, just signed one of the bigger office leases seen in Orange County this year. But this time as a tenant.
TechSpace is renewing its lease at 65 and 75 Enterprise in the Summit Office Campus for its OC operations and corporate headquarters.
For more on this story, read the July 21 edition of the Business Journal.
