By Mark Mueller
Palmer Luckey’s new defense technology startup, Anduril Industries Inc., is preparing to take up a much more prominent position in Orange County, and appears poised for a major hiring push.
The secretive Irvine-based firm, which the Oculus VR co-founder started in June 2017, recently committed to lease one of the largest creative-office buildings in the John Wayne Airport-area market.
The company will set up shop at 2722 Michelson Drive, a 155,000-square-foot building a few blocks from the airport, according to area brokerages.
The building is under construction, and scheduled to be available for occupancy this year. It’s owned by Irvine-based LBA Realty.
Anduril Industries will lease the entire property, according to a second-quarter office report by brokerage Savills Studley.
It’s the largest office lease reported in Orange County so far this year.
The building should comfortably hold several hundred employees. The company’s LinkedIn site said it has fewer than 50 employees. Its website currently shows 10 job openings, all engineering-related.
“As Anduril grows their team of engineers working on defense issues, our Orange County community will greatly benefit from the innovation and highly skilled jobs they bring to the area,” said Tucker Hughes, managing director for the Irvine office of brokerage Hughes Marino, which represented Anduril in the new lease.
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This article originally appeared in the Orange County Business Journal, which can be read here.
Tucker Hughes is managing director at Hughes Marino, a global corporate real estate advisory firm that exclusively represents tenants and buyers. As head of Hughes Marino’s Orange County and Los Angeles offices, Tucker specializes in tenant representation and building purchases throughout Southern California. Tucker makes frequent media appearances to speak on the future of commercial real estate, and is also a regular columnist for Entrepreneur.com. Contact Tucker at 1-844-662-6635 or tucker@hughesmarino.com.
