SFVREbriefs/bb/8 inches/1stjc/mark2nd Optical device manufacturer Century Precision Optics has agreed to expand and relocate its headquarters to 21,332 square feet of commercial space at 11049 Magnolia Blvd. in North Hollywood. Motion picture industry specialist Century Precision, which publicly held Tinsley Laboratories acquired last year, signed a seven-year lease with property owner 11049 Magnolia Boulevard Investments for space formerly occupied by the State of California. Daum Commercial Real Estate Services represented the tenant in the lease negotiations, while John Alle Co. represented the landlord. No financial details of the transaction were disclosed. Following extensive tenant improvements, about 20 employees will be employed at the “concrete block” building in connection with the planned first-quarter 1997 relocation. Century Precision Optics is currently located nearby at 10713 Burbank Blvd., also in North Hollywood.