146,385-SQUARE-FOOT OFFICE BUILDING LEASED

SANTA CLARITA, CALIF. — Advanced Bionics, a U.S.-based manufacturer of cochlear implants, has signed a 10-year lease for Summit Oaks, a five-story office building located within Valencia in Santa Clarita. The 146,385-square-foot property is owned by the developer, which is a joint venture between Parker Properties and DEXUS Property Group. The tenant is consolidating two locations into the new space, which is located at 28515 Westinghouse Place. Craig Peters, Doug Sonderegger and Bennett Robinson, also of CB Richard Ellis, represented the tenant; Doug Marlow and David Solomon of CB Richard Ellis represented the owners in the transaction. The value of the lease was not disclosed.