Palmer Luckey Of Anduril Industries Leases 177,766 SF Industrial Space From Douglas Kiersey Jr. In Tustin

The property asset involved in the transaction is an industrial space located at 1100 Valencia Avenue in Tustin, encompassing a total area of 177,766 square feet. The market for this asset is Tustin, with asking rents estimated at around $1.34 per square foot.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Undisclosed
• Landlord: Douglas Kiersey Jr. - Dermody Properties
• Tenant: Palmer Luckey - Anduril Industries
• Market: Tustin

In this transaction, Douglas Kiersey Jr. represents Dermody Properties as the landlord, while Palmer Luckey represents Anduril Industries as the tenant. This lease agreement allows Anduril Industries to expand its Orange County operational footprint to nearly 1.5 million square feet. The company's growth trajectory includes a planned 1.2 million-square-foot campus in Long Beach and a manufacturing facility spanning 5 million square feet in Columbus, Ohio.