TAE Technologies Leases 99638 SF Commercial Space At 9740 Irvine Blvd, Irvine

The commercial property involved in this lease transaction is located at 9740 Irvine Blvd, Irvine, CA, 92618. The asset spans a total of 99,638 square feet in the vibrant market of Irvine, California.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: Not Applicable
• Tenant: TAE Technologies
• Landlord: LBA Logistics
• Landlord's Representative: Louis Tomaselli (JLL)
• Square Feet: 99,638

TAE Technologies, a Foothill Ranch, Calif.,-based private fusion energy research company, is the tenant expanding its operations by leasing the property under construction in Irvine, Calif., from LBA Logistics. The Class A building at 9740 Irvine Blvd, once completed in April 2023, is set to accommodate TAE's plans for its sixth-generation research reactor named Copernicus, with an anticipated staff of 100 employees. In a recent development, TAE Technologies secured an additional $250 million in funding to further its mission in developing and commercializing nuclear fusion technology.