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REAL ESTATE: Move from Tustin to Alton Corporate Plaza
Aviation electronics maker Rockwell Collins Inc. is relocating its regional operations from Tustin to Irvine after signing one of Orange County's largest office leases of the year.
The Cedar Rapids, Iowa- based company, whose OC operations make in-flight en- tertainment, cabin electronics, and other electromechanical systems, signed a 175,000- square-foot lease for Alton Corporate Plaza, a low-rise, four-building office park.
Rockwell Collins will be leasing a little more than half of the 331,000-square-foot complex, which is owned by a venture between Hines Interests LP in Houston and a real estate fund managed by L.A.-based pri- vate equity firm Oaktree Capital Management LP.
The company has been in a three-building complex near the Santa Ana (1-5) Freeway and the Tustin Marketplace shopping center, about four miles from its new location.
Rockwell Collins occupies about 212,000 square feet in Tustin, where it has been since 2005. The company ranks as OC's 12th largest aerospace and defense contractor by employee count, with 574 local employees as of April, according to Business Journal data.
No job cuts are expected as part of the pending move to Irvine.
The company was spun off in 2001 from what's now Rockwell Automation Inc. It got into in-flight entertainment by acquiring Hughes-Avicom International in Pomona in 1997 and Irvine-based Sony TransCom in 2002.
Rockwell Collins moved its regional operations...