Lowe’s HIW Inc. has purchased an 11-acre parcel in Valencia and plans to build a home improvement warehouse on the site as part of an expansion into the Southern California market. Lowe’s, a national chain of 589 stores that operate under the Lowe’s and Eagle Hardware & Garden names, has six stores in the L.A. area. The Valencia unit is planned for 135,000 square feet of warehouse space and a 28,000-square-foot garden center. The parcel, which sources said was purchased from Newhall Land and Farming Co. for more than $6 million, is located at Bouquet Canyon Road and Newhall Ranch Road. Lowe’s expects to open its new unit in the first quarter of next year. The company also has planned store openings in Burbank and Woodland Hills for sometime next year. David Goldman, president of Goldman Retail Associates, represented Lowe’s in the deal. Newhall represented itself. Corporate Pointe Leases Corporate Pointe @ West Hills has signed its first new tenants. MRV Communications inked a deal for 39,000 square feet for its Zuma Networks division, and Recycler Classifieds signed a lease for 14,500 square feet in the office campus, located at Fallbrook Avenue and Roscoe Boulevard. When completed, the site, which had been the former headquarters of Coast Federal Savings, will include five campus-style buildings on 30.5 acres. Zuma will occupy one of the buildings. The company will be relocating from the MRV headquarters facility in Chatsworth. The five-year Zuma lease is valued at $4.6 million. The Recycler will move into half of one of the other buildings, in a 7.5-year lease valued at $2.5 million. Mark D. Leonard of Trammell Crow Co. along with several brokers from Cushman & Wakefield represented the owner, MEPT West Hills LLC, in both of the deals. Scott Caswell of Delphi Business Properties represented MRV and Frank Rivas of United Systems Integrators represented The Recycler. WellPoint Expands WellPoint Health Networks Inc. has signed a 10-year lease at the Mission Oaks Technology Center in Camarillo. The company, which operates its corporate headquarters in Thousand Oaks, will occupy 185,127 square feet of space in the new offices, which are located at Camino Ruiz and Verdiego Way. The complex is owned by Kilroy Realty Corp., which represented itself in the deal. John L. Vinnicombe with Jones Lang LaSalle represented the tenant. Building in North Hollywood EBuilt, an Irvine-based designer and builder of Web sites, has leased new office space in North Hollywood to expand its reach in Southern California. The company will set up shop in 12,147 square feet of office space at 4640 Lankershim Blvd., a property owned by CT Realty XXXIX Lankershim Partners. “In the not-too-distant future we will open in San Diego,” said Karron Esmonde, a spokeswoman for the company. “Our intent is to have a greater reach in the Southern California area in the near future.” EBuilt was founded with seed money in 1999, and by the end of that year it employed about 60 people. The company currently has 200 workers. Jeff Woolf and Robert Erickson at Lee & Associates represented eBuilt and Erickson, along with Trevor Belden, represented the landlord in the deal. An Aware Deal Aware Products is expanding its manufacturing and headquarters facility with the lease of a 124,000-square-foot plant in Simi Valley. Aware which makes hair care, body and bath products sold by such companies as Victoria’s Secret and Procter & Gamble is expanding from its current location in Chatsworth to the new facility at 4175 Guardian St. The company expects to employ about 300 people at the site. The eight-year lease is valued at $7.2 million. Scott Caswell of Delphi Business Properties represented the tenant. Mitch Conlee of Daum Commercial Real Estate Services represented the lessor, Sunrise Medical. Chatsworth Move Capstone Turbine Corp., a producer of gas turbines, has leased about 100,000 square feet of space at the Northpark Industrial Center in Chatsworth. The company’s new facility will consolidate seven plants it currently occupies in Woodland Hills. It will employ about 175 people at the location. The 10-year lease is valued at $8.5 million. Michael Tingus and John DeGrinis of Colliers Seeley represented the tenant and the landlord in the transaction. Glendale Marketplace Deals Glendale Marketplace has added two new tenants: T-TIMES Tea House and Grill signed a six-year lease to open a 3,000-square-foot restaurant in the shopping center, and Pacific Sunwear of California Inc. signed a 10-year lease for a 4,000-square-foot store. Glendale Marketplace, developed by Regent Properties, consists of 25,000 square feet of restaurant space, 100,000 square feet of retail space and 36,000 square feet of entertainment tenants. The center is anchored by WOW!, a multimedia combo outlet that includes mini-stores from The Good Guys and Tower Records. The center also has a Mann Theatres multiplex. Ara Aprahamian of Real Estate Management Group represented Regent Properties in the T-TIMES deal. Allen Young of CB Richard Ellis represented the landlord in the Pacific Sunwear deal. Valencia Lease Novacap, a manufacturer of ceramic chip capacitors used in the computer, telecommunications, aerospace and other industries, leased a 44,460-square-foot facility in the Valencia Industrial Center. Novacap, a subsidiary of Dover Technologies International Inc., expects to employ 150 people at the new headquarters location at 25136 W. Anza Drive. David Hoffberg of Delphi Business Properties represented both the tenant and the property owner, Rosen Family Trusts of Los Angeles. Staff reporter Shelly Garcia can be reached at (818) 710-2731 or by e-mail at [email protected]