Pasadena Corporate Park
The Southern California Development Forum named Pasadena Corporate Park its 2000 Grand Prize Winner. The project was recognized for its unique approach to renovation and adaptive reuse of existing buildings.
In December 1999, Kearny purchased what was originally known as the Xerox research facility at 3465 East Foothill Boulevard. The 40-year old facility suffered from an obsolete design and years of decay, but had the attributes and setting to be redeveloped as a class A suburban office campus. Its 265,258 sf allowed for a full-scale redevelopment.
The redevelopment plan included stripping the original structure down to the steel frame and developing a new curtain wall system as well as creating new mechanical, electrical, plumbing and HVAC systems. In addition, the new design created opportunities to create prominent new entrance lobbies with exterior canopies while increasing the square footage.
Construction of Phase I was completed in October 2000 and fully leased upon opening to Pasadena based IndyMac Bank. Phase II, including a 453 stall parking structure, was completd in June 2002. Tetra Tech, a Pasadena based engineering/consulting firm, and IndyMac leased 100% of Phase II. Phase III, a 5,200 sf retail out-parcel, was completed in November 2003 and 100% leased to P.F. Chang’s (Pei Wei Restaurant) and Nextel.
The successful execution of the redevelopment and leasing strategy enabled Kearny to sell Pasadena Corporate Park in December 2003 for a significant profit. In addition, evidencing Kearny’s strong relationship with our tenants, IndyMac, the new owner and the project’s largest tenant retained Kearny as property manager.
“Kearny had the vision and recognized the opportunity with the existing facility to create a great project. The large floor plates in the building fit our needs very well and created a better and more efficient working environment for our employees. Kearny’s attention to detail and responsiveness to issues has been one of many reasons we enjoy our tenancy at Pasadena Corporate Park.”
- Raymond Matsumoto, IndyMac Bank
“From the early stages of planning through construction completion, Kearny Real Estate Company worked well with the City of Pasadena. Their redevelopment and thoughtful design not only has enhanced the East Pasadena environment, it has helped the City to expand and retain some of its biggest employers.”
- Eric Duyshart, City of Pasadena
Executive Architect: House & Robertson
Design Architect: Ron Frink Associates
Contractor: Gordon & Williams
Civil: KPFF Engineers
Landscape Architect: Melendrez Babalas Associates