CBRE Brokers 84,041-Square-Foot Industrial Lease for Targus at BGO's Anaheim Concourse

CBRE has facilitated an 84,041-square-foot industrial lease for Targus at Anaheim Concourse, a business park located at 1206 North Miller Street in Anaheim, California, the firm announced July 6. The deal will relocate Targus's corporate headquarters into a newly constructed Class A facility owned by BGO (BGO), with CBRE representing both the tenant and the landlord in the transaction.

A Headquarters Relocation to a Modern Facility

The lease marks a headquarters relocation for Targus, a maker of laptop bags and technology accessories. According to the CBRE press release, Targus is upgrading to a newly constructed Class A facility at Anaheim Concourse. Details regarding the company's prior location, prior square footage, lease term, or the extent of any change in footprint were not disclosed in the source materials.

The new facility features 32-foot clear heights, an ESFR sprinkler system, a secured truck court, and direct access to the region's major freeway network — specifications consistent with current Class A industrial standards in Southern California.

CBRE Brokers Both Sides; BGO Owns Anaheim Concourse Asset

CBRE's Sean Ward, Brian DeRevere, and Adam Peterson represented both Targus and BGO in the transaction. Ward, an Executive Vice President at CBRE, commented on the deal's strategic rationale.

"This lease checked all the boxes, providing a modern Class A building with the functionality, location and image needed to support the company's next chapter," Ward said. "We're continuing to see occupiers prioritize quality facilities in established infill markets, and this transaction is another example of companies making strategic real estate decisions that position them for long-term growth while staying connected to their employees, customers and the communities they serve."

Orange County Industrial Market: Limited Supply, Sustained Demand

According to CBRE Research, Orange County's industrial market continues to be characterized by a limited supply of high-quality space and sustained occupier demand for well-located, Class A facilities. Infill markets such as Anaheim remain especially competitive, as tenants seek modern buildings that enhance efficiency and support long-term operational needs.

The Targus transaction illustrates a pattern CBRE has identified in the market: corporate occupiers are prioritizing quality facilities in established infill locations. The move to Anaheim Concourse delivers a building that aligns with current institutional standards for industrial headquarters product.

Deal Signals Continued Demand for Class A Infill Industrial in Southern California

The lease at Anaheim Concourse adds to activity in infill industrial markets in Southern California, where corporate occupiers have sought to secure modern, well-located space. CBRE's dual representation of Targus and BGO in the transaction reflects the firm's active role in Orange County's industrial leasing market.

Sources

CBRE Press Release: CBRE Facilitates 84,041-Square-Foot Industrial Lease for Targus in Anaheim